Australian Accounting Standards Board
Thursday, April 8, 2021
ED 309 Disclosure Requirements in Australian Accounting Standards—A Pilot Approach proposes a new approach to developing disclosure requirements in Australian Accounting Standards (AAS) and new disclosure requirements for AAS on fair value measurement and employee benefits. These proposals would enable entities to enhance their judgement and reduce ‘boilerplate’ information.
The new approach is written as draft guidance when developing disclosure requirements in individual Standards with an aim to:
Please submit your comments to the AASB by 16 August 2021, via the AASB website, LinkedIn or email.