• Issues & Trends

    Accounting and regulatory changes that impact your business,

Issues & Trends

Businesses today face an ever-expanding range of accounting issues. BDO continually explores the financial reporting landscape to identify those that matter most. We’ve compiled these resources based on our findings to help you learn more about key audit issues, accounting and regulatory changes, and how they may affect your business or industry.


Financial instruments

Date Resource
20/10/2016 IASB issues amendments to IFRS 4 Insurance Contracts (Applying IFRS 9 Financial Instruments and IFRS 4)
30/06/2016 Implementation of IFRS 9 impairment requirements by banks
18/02/2016 Why the use of options as hedging instruments is more appealing under AASB 9
20/10/2015 What is hedge accounting? ... Why exporters might choose to apply hedge accounting
05/10/2015 IFRS in Practice – IFRS 9 Financial Instruments
16/09/2015 What is hedge accounting? ... Why importers might choose to apply hedge accounting
20/07/2015 Who are the early adopters of the new AASB 9 hedging accounting requirements?
20/07/2015 Practical challenges of applying the new AASB 9 impairment model to trade and lease receivables
17/06/2015 Practical challenges of the new IFRS 9 impairment model for lenders
20/05/2015 Hedge accounting may finally make sense – Iron ore producers and others take note
29/04/2015 IFRS 9 (2014) Financial Instruments - Classification and Measurement (Apr 2015)
18/03/2015 Financial institutions and leasing companies – Calling for AASB 9 impairment implementation issues
01/12/2014 IFRS 9 Financial Instruments - Impairment of Financial Assets (Dec 2014)
20/11/2014 Financial instruments - Changes to classification and measurement
21/10/2014 Seeking implementation issues of new financial asset impairment requirements
16/09/2014 Wayne Basford, Partner and IFRS Leader appointed to Transition Resource Group for Impairment of Financial Instrument
20/08/2014 At last, a final version of IFRS 9 Financial Instruments – Part 1
21/05/2014 Simpler effectiveness testing under AASB 9 Financial Instruments
21/05/2014 IASB issues discussion paper on macro hedging
20/03/2014 IFRS 9 developments – New effective date and final version to override earlier versions
21/02/2014 New hedge accounting requirements available for early adoption in Australia
12/12/2013 New rules make hedge accounting easier
24/10/2012 IFRS in Practice - Accounting for convertible notes
15/02/2012 Blind Freddy – convertible note issues
16/11/2011 Blind Freddy – debt v equity issues

Consolidations and Joint Arrangements

Date Resource
09/02/2016 IFRS in Practice – Joint Arrangements
21/05/2014 Changes to IFRS 11 Joint Arrangements – Accounting for acquisitions of interests in joint operations
21/02/2014 Proposals to allow equity accounting in separate financial statements
20/11/2013 AASB issues consolidation guidance for not-for-profit entities
19/09/2013 Investment entity consolidation entity exemption finally approved in Australia
19/06/2013 Will Australian investment entities be required to disclose consolidated financial statements
21/05/2013 Will the new consolidation and joint arrangement standards change your financial statements?
30/04/2013 Need to know - IFRS 10 Consolidated Financial Statements
21/02/2013 IASB proposes to resolve conflict between AASB 10 and AASB 128 (2011)
21/02/2013 IASB proposes accounting guidance for the acquisition of an interest in a joint operation
18/12/2012 IASB proposes amendments to the equity method for changes in other net assets
23/10/2012 New consolidation, joint arrangements and fair value standards – Storm in a teacup ? – continued
21/09/2012 Application date for new consolidation and joint arrangements standard deferred for not-for-profit entities
21/09/2012 New consolidation, joint arrangement and fair value standards – Storm in a teacup?
15/05/2012 IASB issues standard to clarify transition date for IFRS 10 Consolidated Financial Statements (and IFRS 11 and IFRS 12)
21/08/2011 Consolidations – IFRS 10
19/04/2011 New standard on joint arrangements

ASIC Issues

Date Resource
21/02/2017 ASIC expects companies to respond to the three new accounting standards
20/10/2016 More financial reporting class orders replaced with new instruments
21/09/2016 More financial reporting class orders replaced with new instruments
20/06/2016 ASIC calls on directors to apply realism and clarity to 30 June 2016 financial reports
21/04/2016 ASIC reissues rounding and other class orders
18/02/2016 ASIC to remake more financial reporting class orders
18/12/2015 ASIC focus areas for 31 December 2015 financial statements
19/11/2015 ASIC to remake some financial reporting class orders
24/08/2015 More ASIC enforcements – Jervois Mining restate their financial statements
20/07/2015 Restatement of financial statements from ASIC enquiries now extending to private companies
20/07/2015 Rule changes for resignation of auditors of public
20/07/2015 ASIC extends Class Order 14/632 for key management personnel equity instrument disclosures to 31 December 2015
17/06/2015 ASIC focus areas for 30 June 2015 financial reports
17/06/2015 ASIC Information Sheet for directors on the role of directors in impairment testing
20/05/2015 ASIC penalising entities for failing to lodge financial reports
22/04/2015 Recent ASIC enforcements – Entities restate their financial statements
18/03/2015 Class Order for KMP remuneration extended
18/03/2015 When goodwill is not goodwill – Primary Health Care restate their financial statements
18/03/2015 Directors – how good is your accounting knowledge?
11/12/2014 ASIC focus areas for 31 December 2014
21/07/2014 ASIC focuses for 30 June 2014 financial reports
21/07/2014 ASIC grants relief for KMP disclosures because of Corporations Regulations anomalies
20/06/2014 ASIC focus areas for 30 June 2014 financial reports
21/02/2014 ASIC clarifies presentation of financial statements by stapled entities
12/12/2013 ASIC issues guidance to directors on financial reporting responsibilities
20/11/2013 ASIC focus areas for 31 December 2013 financial reports
19/09/2013 ASIC issues class order relief for stapled securities financial reporting
21/08/2013 Listed entity Operating and financial review reminder for 30 June 2013 annual reports
22/07/2013 ASIC's findings for financial reports of proprietary companies
21/05/2013 ASIC issues guidance on the operating and financial review – Applies to 30 June 2013
15/03/2012 Regulatory Guide 230 Disclosing non-IFRS financial information