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This section contains the latest news and events from the AASB, information of relevance to the media, including media releases, media contact details, speeches and newsletters.

27 Aug. 2015
International Edition (34-15)

The 34-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

21 Aug. 2015
AASB issues ED 270

Exposure Draft ED 270 Reporting Service Performance Information has been published for comment.  ED 270 addresses the gap in information required to assess performance of not-for-profit (NFP) entities.... Read more

20 Aug. 2015
Board Papers for AASB meeting, 2-3 September 2015

Board Papers for the AASB meeting No.147 to be held on 2-3 September 2015, are now available.

20 Aug. 2015
Agenda for AASB meeting, 2-3 September 2015

The Agenda for the 147th meeting of the AASB, to be held on 2-3 September, is now available.

20 Aug. 2015
International Edition (33-15)

The 33-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

18 Aug. 2015
AASB webinar on ED 260 Income of NFP Entities

Thank you to everyone who attended last week's AASB webinar on ED 260 Income of NFP Entities. The slides and recording are now available.

18 Aug. 2015
Proposed amendments to AASB 136

Exposure Draft ED 269 Recoverable Amount of Non-cash-generating Specialised Assets of Not-for-Profit Entities has been issued.... Read more

14 Aug. 2015
IASB proposes to defer indefinitely the amendments related to the sale or contribution of assets between an investor and its associate or joint venture.

ED 268 seeks your feedback on the IASB’s proposal to defer indefinitely the effective date of amendments that affect the gain or loss an entity recognises when assets are sold or contributed between an entity and an associate or joint venture in which it invests. These amendments are incorporated into AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture, which is currently effective from 1 January 2016.... Read more

13 Aug. 2015
The IASB offers you the chance to influence its next four-year agenda

Invitation to Comment ITC 33 Request for Comment on IASB Request for Views on 2015 Agenda Consultation seeks feedback on whether the IASB has the right balance of projects on its agenda and whether those projects are the most important to consider.  To prepare its own submission to the IASB, the AASB is seeking comments by 9 November 2015.... Read more

13 Aug. 2015
International Edition (32-15)

The 32-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

6 Aug. 2015
International Edition (31-15)

The 31-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

6 Aug. 2015
Proposed amendments to AASB 15

Exposure Draft ED 267 Clarifications to AASB 15 (incorporating the IASB ED/2015/6 Clarifications to IFRS 15) has been issued.... Read more

5 Aug. 2015
Conceptual Framework proposals: Where are the concerns?

The latest Hot Topic Conceptual Framework proposals: Where are the concerns? summarises in one central location links to recent articles, reports, discussions and submissions from organisations and individuals that AASB staff think may be useful to Australian constituents interested in the current Conceptual Framework project.

30 Jul. 2015
International Edition (30-15)

The 30-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

28 Jul. 2015
Navigating the ED 260 proposed changes to income recognition for not-for-profit entities

Education material being provided by the AASB staff to assist constituents in navigating the proposals in the ED.

27 Jul. 2015
Proposed changes to income recognition for not-for-profit entities – What do the proposals mean?

The Australian Accounting Standards Board (AASB) will be hosting Proposed changes to income recognition for not-for-profit entities – What do the proposals mean? on 13 August 2015 from 11.30am to 1.00pm.

The online webinar will address the key proposals in the AASB’s current Exposure Draft on Income of Not-for-Profit Entities. The webinar will be presented by Mark Shying, AASB Research Fellow and facilitated by AASB Technical Director, Nikole Gyles. The webinar is particularly relevant to not-for-profit private and public sector entities.

Participants can access the webinar from a computer, mobile or tablet device. Register here

24 Jul. 2015
Accounting Standards Advisory Forum (ASAF) July 2015

The July meeting of the Accounting Standards Advisory Forum (ASAF) saw the Forum’s membership meeting for the first time meet since the revised Forum’s membership was announced last month.... Read more

23 Jul. 2015
International Edition (29-15)

The 29-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

17 Jul. 2015
Updated AASB Standard-setting Work Program – 13 July 2015

The AASB has updated its standard-setting work program as at 13 July 2015.

16 Jul. 2015
International Edition (28-15)

The 28-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

15 Jul. 2015
AASB Conceptual Framework Discussion Forums and Disclosure Initiative Education Sessions

The AASB will be conducting AASB Discussion Forums in August and September on the IASB’s Conceptual Framework proposals.  The AASB will also be hosting an education session in Melbourne and Sydney on the IASB’s Disclosure Initiative project.  Sue Lloyd, IASB member, will be in attendance at some of these sessions.... Read more

13 Jul. 2015
AASB issues disclosure relief for not-for-profit public sector entities

The AASB has issued AASB 2015-7 Amendments to Australian Accounting Standards – Fair Value Disclosures of Not-for-Profit Public Sector Entities.  The Standard is effective for annual reporting periods beginning on or after 1 July 2016, and may be early adopted.... Read more

9 Jul. 2015
International Edition (27-15)

The 27-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

9 Jul. 2015
July 2015 Action Alert is now available

Action Alert No. 173, for the 146th meeting of the AASB, which was held on 8 July 2015, is now available.

7 Jul. 2015
Australian Accounting Standards Board Academic Panel launched to improve standard setting

The Australian Accounting Standards Board’s (AASB) Academic Advisory Panel has been launched this week. Academic research is crucial to Australia making an impact on international standard setting and enhancing Australian financial reporting.... Read more

3 Jul. 2015
Agenda Decision on the Definition of Residual Value

The AASB has issued an Agenda Decision that may change the current practice of some not-for-profit public sector entities and could result in increased depreciation and further componentisation of assets.... Read more

3 Jul. 2015
Influential Executive role in New Zealand

The External Reporting Board (XRB) of New Zealand is looking for a CEO to help create a world-class standards framework that contributes to New Zealand’s excellent reputation and commercial integrity.

2 Jul. 2015
International Edition (26-15)

The 26-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

30 Jun. 2015
Australian Accounting Standards Board (AASB) retains International Accounting Standards Board (IASB) advisory board membership

The Australian Accounting Standards Board (AASB) has retained membership of the Accounting Standards Advisory Forum (ASAF), the prestigious advisory group to the International Accounting Standards Board (IASB), despite the membership shakeup.  The AASB will be working with the New Zealand Accounting Standards Board (NZASB).... Read more

25 Jun. 2015
International Edition (25-15)

The 25-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

25 Jun. 2015
Board Papers for AASB meeting, 8 July 2015

Board Papers for the AASB meeting No.146 to be held on 8 July 2015, are now available.

25 Jun. 2015
Agenda for AASB meeting, 8 July 2015

The Agenda for the 146th meeting of the AASB, to be held on 8 July, is now available.

24 Jun. 2015
AASB issues proposed amendments for DB plans that have a refund available, have been amended, curtailed or settled

Are you accounting for a defined benefit plan that has a refund available, has been amended, curtailed or settled?  The AASB has issued Exposure Draft ED 266 Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan.... Read more

19 Jun. 2015
International Edition (24-15)

The 24-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

11 Jun. 2015
International Edition (23-15)

The 23-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

4 Jun. 2015
International Edition (22-15)

The 22-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

1 Jun. 2015
AASB issues new Exposure Drafts ED 264 and ED 265

The AASB has issued Exposure Draft ED 264 Conceptual Framework for Financial Reporting and ED 265 Updating References to the Conceptual Framework.  ED 264 and ED 265 incorporate IASB ED/2015/3 Conceptual Framework for Financial Reporting and IASB ED/2015/4 Updating References to the Conceptual Framework respectively.... Read more

29 May. 2015
May 2015 Action Alert is now available

Action Alert No. 172, for the 145th meeting of the AASB, which was held on 27-28 May 2015, is now available.

28 May. 2015
International Edition (21-15)

The 21-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

21 May. 2015
AASB proposes deferral of revenue standard

The AASB has issued Exposure Draft ED 263 Effective Date of AASB 15 Revenue from Contracts with Customers. ED 263 incorporates IASB ED/2015/2 Effective Date of IFRS 15.... Read more

21 May. 2015
International Edition (20-15)

The 20-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

15 May. 2015
AASB launches online facility for submitting comment letters

The AASB has launched on its website a facility for respondents to submit comment letters on Exposure Drafts and other proposal documents.... Read more

14 May. 2015
Board Papers for AASB meeting, 27-28 May 2015

Board Papers for the AASB meeting No.145 to be held on 27-28 May 2015, are now available.

14 May. 2015
Agenda for AASB meeting, 27-28 May 2015

The Agenda for the 145th meeting of the AASB, to be held on 27-28 May, is now available.

14 May. 2015
International Edition (19-15)

The 19-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

13 May. 2015
AASB Not-for-Profit and Public Sector Education Sessions and Roundtables

The AASB will be hosting a number of events focussing on the AASB’s current, and recently completed, public sector and not-for-profit entity projects.... Read more

7 May. 2015
International Edition (18-15)

The 18-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

6 May. 2015
AASB issues proposals on service concession arrangements and fair value disclosures

The AASB has issued exposure drafts ED 261 Service Concession Arrangements: Grantor and ED 262 Fair Value Disclosures of Not-for-Profit Public Sector Entities for comment.  ED 261 addresses the gap in grantor accounting for service concession arrangements.  ED 262 proposes modification of AASB 13 for application by not-for-profit public sector entities.... Read more

4 May. 2015
AASB issues new Exposure Draft ED 260 Income of Not-for-Profit Entities

The AASB invites comments on ED 260 Income of Not-for-Profit Entities... Read more

30 Apr. 2015
International Edition (17-15)

The 17-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

23 Apr. 2015
International Edition (16-15)

The 16-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

22 Apr. 2015
Updated AASB Standard-setting Work Program - April 2015

The AASB has updated its standard-setting work program as at 17 April 2015.

16 Apr. 2015
International Edition (15-15)

The 15-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

16 Apr. 2015
April 2015 Action Alert is now available

Action Alert No. 171, for the 144th meeting of the AASB, which was held on 15 April 2015, is now available.

9 Apr. 2015
International Edition (14-15)

The 14-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

2 Apr. 2015
International Edition (13-15)

The 13-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

2 Apr. 2015
Board Papers for AASB meeting, 15 April 2015

Board Papers for the AASB meeting No.144 to be held on 15 April 2015, are now available.

2 Apr. 2015
Agenda for AASB meeting, 15 April 2015

The Agenda for the 144th meeting of the AASB, to be held on 15 April, is now available.

1 Apr. 2015
AASB finalises amendments to AASB 124 Related Party Disclosures

The AASB has issued amendments to extend the scope of AASB 124 to include not-for-profit public sector entities.... Read more

26 Mar. 2015
International Edition (12-15)

The 12-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

20 Mar. 2015
Accounting Technical Professional - 12 month non-ongoing role

The Office of the Australian Accounting Standards Board (AASB) is looking for a suitably qualified and experienced accounting technical professional to join its technical team for a period of 12 months.... Read more

19 Mar. 2015
International Edition (11-15)

The 11-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

12 Mar. 2015
International Edition (10-15)

The 10-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

5 Mar. 2015
International Edition (9-15)

The 9-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

3 Mar. 2015
Applications for the 2016 AASB Graduate Program

The Australian Accounting Standards Board (AASB) is currently seeking one or more outstanding Honours graduates or postgraduates in accounting, or closely related fields, to join the 2016 AASB Graduate Program. Successful applicants will provide technical support to the AASB and actively participate in all stages of the standard-setting process.

Applications for the 2016 AASB Graduate Program are due by Friday, 17 April 2015.

26 Feb. 2015
International Edition (8-15)

The 8-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

23 Feb. 2015
Tentative Agenda Decision – Recognition of Residual Value for Infrastructure Assets

The AASB has issued a tentative agenda decision in response to a request to clarify whether residual value, as defined in AASB 116 Property, Plant and Equipment, includes the cost savings from the re-use of in-situ materials.... Read more

20 Feb. 2015
Updated AASB Standard-setting Work Program - 20 February 2015

The AASB has updated its standard-setting work program as at 20 February 2015.

19 Feb. 2015
International Edition (7-15)

The 7-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

18 Feb. 2015
IFRS Transition Resource Group for Impairment of Financial Instruments (ITG)

IFRS 9 Financial Instruments (2014) is now complete and with it comes a new impairment model. The new model, which is a ‘three-stage model’, is fundamentally different from the ‘incurred loss’ model in IAS 39 Financial Instruments: Recognition and Measurement, as it is aimed at capturing expected credit losses before the event that gives rise to credit impairment occurs.... Read more

13 Feb. 2015
February 2015 Action Alert is now available

Action Alert No. 170, for the 143rd meeting of the AASB, which was held on 11 February 2015, is now available.

12 Feb. 2015
International Edition (6-15)

The 6-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

12 Feb. 2015
AASB issues new Exposure Draft ED 259

The AASB has released ED 259 Classification of Liabilities (Proposed amendments to AASB 101), which incorporates IASB ED/2015/1 Classification of Liabilities (Proposed amendments to IAS 1).... Read more

6 Feb. 2015
AASB issues two new Standards

The AASB approved two further new Australian Accounting Standards in January 2015.... Read more

5 Feb. 2015
International Edition (5-15)

The 5-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

2 Feb. 2015
AASB issues 2 new Standards

The AASB approved 2 new Australian Accounting Standards in January 2015.... Read more

30 Jan. 2015
AASB issues Annual Improvements to Australian Accounting Standards 2012-2014 Cycle

The AASB made AASB 2015-1 Amendments to Australian Accounting Standards – Annual Improvements to Australian Accounting Standards 2012-2014 Cycle on 21 January 2015.  The Standard makes amendments to various Australian Accounting Standards arising from the IASB’s Annual Improvements process, and editorial corrections.... Read more

30 Jan. 2015
Board Papers for AASB meeting, 11 February 2015

Board Papers for the AASB meeting No.143 to be held on 11 February 2015 are now available.

30 Jan. 2015
Agenda for AASB meeting, 11 February 2015

The Agenda for the 143rd meeting of the AASB, to be held on 11 February 2015 is now available.

29 Jan. 2015
International Edition (4-15)

The 4-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

28 Jan. 2015
AASB 9 Financial Instruments (December 2014) issued by the AASB

The complete version of AASB 9 (2014) Financial Instruments has now been issued. It supersedes AASB 9 (2009), AASB 9 (2010) and AASB 139 Financial Instruments: Recognition and Measurement and applies to annual reporting periods beginning on or after 1 January 2018.... Read more

27 Jan. 2015
Standard-setters honoured in Australia Day awards

The AASB congratulates the former AASB Chair Kevin Stevenson and former AASB Deputy Chair Ian McPhee who have been recognised in the 2015 Australia Day awards.... Read more

22 Jan. 2015
International Edition (3-15)

The 3-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

15 Jan. 2015
International Edition (2-15)

The 2-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.

8 Jan. 2015
AASB approves narrow scope amendments

The AASB has approved the following Standards:
• AASB 2014-9 Amendments to Australian Accounting Standards – Equity Method in Separate Financial Statements; and
• AASB 2014-10 Amendments to Australian Accounting Standards – Sale or Contribution of Assets between an Investor and its Associate or Joint Venture.
The Standards will be made available on the AASB website shortly.... Read more

8 Jan. 2015
International Edition (1-15)

The 1-15 edition of AASB International Update has been published.  This Update provides a summary of the accounting activities of a number of International standard-setting and professional bodies.