AASB Virtual Roundtables: AASB 1060 and AASB 2020-2

Thursday, May 23, 2024

AASB will hold two roundtables to gather initial feedback on whether there are any significant problems or concerns with implementing and applying AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 entities and AASB 2020-2 Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities. Feedback received will help the AASB to develop its Invitation to Comment (ITC) for the Post-implementation Review of AASB 1060 and AASB 2020-2.

As part of the discussion, stakeholders will also have the opportunity to provide preliminary views on how IFRS 18 Presentation and Disclosure in Financial Statements and IFRS 19 Subsidiaries Without Public Accountability: Disclosures should be considered for Tier-2 entities.

The virtual roundtables will be sector-specific and are expected to be interactive:

Stakeholders are encouraged to register for the relevant sessions by 5pm AEST 3 June 2024. Those unable to attend can submit feedback via email to [email protected].

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