Australian Accounting Standards Board

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Open for comment: ED 341 Updating AASB 1060 to Align with AASB 18 classification and presentation requirements

The AASB has issued Exposure Draft ED 341 , proposing amendments to AASB 1060   General Purpose Financial Statements –   Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities   to align its classification and presentation requirements with those in AASB 18   Presentation and Disclosure in Financial Statements .

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June Reporting Roundup

In June Edition of Reporting Roundup :

  • AASB Issues New Tier 3 NFP Standard 
  • Open for Comment: ED 341
  • AASB Action Alert

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Action Alert No. 248

The Action Alert for the 221st AASB Board meeting is now available. The Board met in public and in private on 18-19 June 2026.

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AASB Forums

Click here for further information about the AASB Forums to be held 17 - 19 November 2025.

COVID-19 Guidance

We have compiled a list of AASB, government, and industry resources related to the impacts of COVID-19 on financial reporting.

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