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Australian Accouting Standards Board
Australian Accounting Standards Board Developing, issuing and maintaining Australian Accounting Standards and related pronouncements

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The AASB is looking to appoint an additional ‘at large’ member to the Board, starting in July 2020, and running for a three year term (with a possible extension available). More information about the positions can be found here: http://www.frc.gov.au/recruitment/ 

Affecting all entities, significant changes are proposed to the presentation and disclosure in financial statements by Exposure Draft ED 298 General Presentation and Disclosure. You are invited to provide your feedback on defining new subtotals, including ‘operating profit’, as well as requiring more rigorous disclosure of ‘management performance measures’, also known as ‘non-IFRS financial information’, in a single note to the audited financial statements.
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For governments that prepare whole of government general purpose financial statements and General Government Sector (GGS) financial statements, recent changes have been made to the disclosure requirements for GFS measures of key fiscal aggregates and related GAAP/GFS Reconciliations. Read More

AASB 16 Leases and AASB 1049 Whole of Government and General Government Sector Financial Reporting were amended in respect of not-for-profit lessees’ right-of-use assets arising under concessionary leases Read More

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