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18 Oct. 2017

Hot Topic issued: Improving and Rationalising Disclosures

Earlier this month, the IFRS Foundation issued the case study report, Better Communication in Financial Reporting – Making disclosures more meaningful which looks at six companies from varied industries and countries – including Australia’s Wesfarmers – and describes their process to improve disclosures.

As part of its involvement with this project, the AASB identified a number of Australian companies whose financial reports make good examples of ‘cutting the clutter’. These reports can be accessed via this new AASB Hot Topic.