Making Materiality Judgements in Financial Reporting

Dialogue Series – Making Materiality in Financial Reporting

The AASB, jointly with CPA Australia and CA ANZ, will hold a Dialogue Series webinar session on Friday, 8 December 2023 (4:00 PM-5:15 PM AEDT).

Please register via this link.

Keynote Speaker

Tom Frick, The University of Melbourne

Tom Frick is an experienced researcher in accounting, having worked as a lecturer at The University of Melbourne. His research has focused on the fundamental concept of materiality, particularly focusing on the different ways in which investors, auditors and preparers apply the concept. He has previously worked in finance consulting roles at Deloitte, and as an Acting Manager at the Australian Accounting Standards Board, contributing to the development of Australian sustainability reporting standards. 

Panel Discussion


Dr Eric Lee, AASB

Eric is the head of research and leads the AASB Research Centre with the primary responsibility to develop, implement and oversee the AASB’s research strategies that are coherent with the evidence-based approach to setting standards. He is tasked with initiating and managing research/thought-leadership projects that will inform AASB and international standard-setters about current and future accounting and reporting issues. He also plays a significant role in developing and building relationships with Australian and international researchers, policymakers, and standard setters.



Richard Fakhry, Cromwell Phoenix Opportunities Fund

Richard Fakhry is the portfolio manager of the Cromwell Phoenix Opportunities Fund and a research analyst across all of the company's products. Prior to joining Phoenix in 2009, Richard worked in a variety of roles at MLC and BlackRock and was part of the BlackRock investment team from August 2006 specialising in A-REITs. Richard holds a Bachelor of Commerce from Flinders University, a Graduate Diploma of Applied Finance from the Securities Institute of Australia and is a Chartered Financial Analyst.


Stephen Barley, BHP

After 15-year career in external audit across the UK and Australia, Stephen joined BHP in 2017 as the Manager of Global Accounting Policy focused on application of BHP’s accounting policies, key areas of accounting judgement and the implementation of new accounting standards. Stephen has more recently taken the lead on assessing how climate change and other sustainability matters impact BHP’s financial statements and disclosures and is currently BHP’s Head of Accounting Policy and Sustainability Controllership.

Rachel Poo, QBE Insurance

Rachel is the Head of Group Statutory Reporting & Accounting Policy at QBE and leads the Group’s external financial reporting. She is also responsible for monitoring potential accounting and reporting developments and assessing their potential impacts for the Group. She also actively participates in local and international forums discussing financial reporting interpretation and application issues.

Rachel is a chartered accountant with over 10 years’ experience in the insurance sector, with a focus on general insurance.  Prior to her role at QBE, she worked in Deloitte’s financial services audit practice in London and Sydney.

Marina Michaelides, AUASB

As a Senior Project Manager at the AUASB, Marina is responsible for the planning, research, development, outreach and delivery of auditing and assurance standards, related guidance and bulletins, forming part of the AUASB strategy and corporate plan.

Marina’s primary areas of focus at the AUASB has been on Australian Auditing Standards and related guidance in relation to other non-historical assurance engagements, with her current area of focus being on sustainability assurance.

Before joining the AUASB Marina held the position of Group Financial Controller for a listed entity and prior to that was a Senior Manager at Ernst and Young where she was responsible for client liaison, risk management, execution and delivery of external audit engagements.

Marina’s commercial and audit experience is across a diverse range of industries in the private, public and government sectors from SMEs to listed corporations in Australia.

Marina is a member of the Chartered Accountants Australia and New Zealand.

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