Comments sought on exposure drafts

At BDO, we provide comments locally to the Australian Accounting Standards Board (AASB) and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on exposure drafts that are currently available for comment. If you would like to provide any comments please contact Aletta Boshoff at [email protected].

Document Proposals Comments due to AASB by Comments due to IASB by

ITC 39 Applying the IASB’s Revised Conceptual Framework and Solving the Reporting Entity and Special Purpose Financial Statement Problems

Proposes to resolve two problems:
  1. The ‘reporting entity’ definition clash between SAC 1 Definition of the Reporting Entity, and the revised Conceptual Framework for Financial Reporting, and
  2. Special purpose financial reporting in Australia.
Phase 1:
9 August 2018

Phase 2:
9 November 2018