• Accounting News - December 2016

In this issue

In this edition we highlight issues requiring your attention when preparing your December 2016 financial statements, particularly the ‘decluttering’ process, and ASIC focus areas (including impairment assumptions). You will also notice a new style of audit reports, including key audit matters for listed entities.

Our recent BDO article in the Chartered Accountants Australia and New Zealand Perspective series provides a practical guide on transition options for the new revenue standard, AASB 15 Revenue from Contracts with Customers.

Lastly, we summarise the recent changes to the ASX admission criteria for listed entities that apply to applications made on or after 19 December 2016.

Download a copy of the December 2016 Edition of Accounting News.


This publication has been carefully prepared, but is general commentary only. This publication is not legal or financial advice and should not be relied upon as such. The information in this publication is subject to change at any time and therefore we give no assurance or warranty that the information is current when read. The publication cannot be relied upon to cover any specific situation and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in Australia to discuss these matters in the context of your particular circumstances.

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