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Statements of accounting concepts

SAC 1 and SAC 2 remain effective alongside the Framework for the Preparation and Presentation of Financial Statements (the Australian equivalent to the IASB’s Framework). Use the Browse for pronouncements page to find the original and compiled versions of the Framework.

No. Title Date
SAC 1 Definition of the Reporting Entity Aug 1990
SAC 2 Objective of General Purpose Financial Reporting Aug 1990