On 27 April 2021, AASB staff hosted the first webinar in a series, on the removal of special purpose financial statements and the introduction of simplified disclosures.
The webinar covered:
• which for-profit private sector entities are affected;
• what they need to know about preparing their first set of simplified disclosures financial statements; and
• for those entities that are not in-scope and can continue to prepare SPFS, what this means for them.