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.