The triple threat to prospectuses from the new revenue, financial instruments and leases standards
Wayne Basford (BDO’s IFRS Leader, Asia Pacific) and Susan Oldmeadow-Hall (Associate Director at BDO) discuss the impact of the ‘triple threat’, i.e. the three new standards for revenue, financial instruments and leases on prospectuses in a Perspective Series article for Chartered Accountants Australia and New Zealand.
The focus of the article is on Report 567: ASIC Regulation of Corporate Finance: July to December 2017 issued by the Australian Securities and Investments Commission (ASIC) in February 2018 and ASIC’s expectation that prospectuses and offer documents will provide financial information that incorporates the effect of the new standards.
Please read the article for more information.