Australian Government
Australian Accounting Standards Board
Friday, September 20, 2024
Today the AASB held meeting no. 209, this meeting was convened for the AASB Board to vote on the pronouncement of AASB S1 and AASB S2. This meeting attracted the largest public gallery (in excess of 150 registered observers) watching the Board deliberations. The AASB Board has formally voted to pronounce AASB S1 as a Voluntary Standard and also to pronounce AASB S2 as a Mandatory Standard. This meeting was the culmination of a significant body of work and AASB Board acknowledge staff effort in completing this phase of activity as well as setting the scene for future work.