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What's new for June 2012?
With the 30 June 2012 almost upon us, this article summarises the impact of new and amended Accounting Standards and Interpretations for 30 June 2012 reporting, as well the impact of changes to the Corporations Act and Corporate Governance Principles. Read more
Carbon tax implications for 30 June 2012
It is imperative directors and auditors fully understand the likely impacts of the carbon tax and carbon legislation as it impacts the entities for which they are responsible or which they audit. Read more
Action stations! Ten things to do 30 June 2012 for standards impacting future years
There are a number of new and amended Accounting Standards waiting in the wings for the next ‘Big Bang’ happening for 30 June 2014 financial statements. Read more
Ten ways to materially misstate your financial statements…The ‘Blind Freddy’ proposition continued - Part 8 – Reverse acquisitions and fresh start accounting
Despite International Financial Reporting Standards (IFRSs) being applied in Australia since 2005, it would appear that Australian accountants still struggle to recognise a reverse acquisition or to pick up ‘fresh start’ accounting. Read more
IASB issues annual improvements standard
The International Accounting Standards Board (IASB) recently published Annual Improvements to IFRSs 2009-2011 Cycle which makes necessary, but non-urgent amendments to IFRS. Read more
IFRS Interpretations Committee issues draft guidance on put options written on non-controlling interests
The IASB recently issued Draft Interpretation D1/2012/2 Put Options Written on Non-controlling Interests (the DI) and the Australian Accounting Standards Board (AASB) has issued a wrap-around Exposure Draft of same name. The comment deadline for AASB is 3 September 2012. Read more
Comments sought on exposure drafts
At BDO, we provide comments locally to the AASB and internationally to the IASB. We welcome any client comments. Read more