Statement of Accounting Concepts

SAC 1 remains 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 Mar

Amending Pronouncements (not yet fully compiled)


Amending Pronouncements (fully compiled)

No.  Title Date
AASB2019-1 Amendments to Australian Accounting Standards - References to the Conceptual Framework  May 2019
AASB2020-2 Amendments to Australian Accounting Standards – Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities Mar 2020
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