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].



Comments due to AASB by

Comments due to IASB by

ED 311 Management Commentary

Proposes a major overhaul of Practice Statement 1 Management Commentary, including setting disclosure objectives for information about the entity’s business model, strategy, resources and relationships, risks, external environment and financial performance and position.

1 October 2021

23 November 2021

ED 314 Subsidiaries without Public Accountability: Disclosures

Proposes to permit eligible subsidiaries to apply reduced disclosures in conjunction with the recognition and measurement requirements in IFRS standards. Eligible subsidiaries do not have public accountability and have an ultimate or intermediate parent entity that produces consolidated financial statements available for public use that comply with IFRS.
The AASB is also seeking comment on the relevance of these proposals in the Australian context, i.e. whether they should replace Simplified Disclosures for all Tier 2 entities, or whether they can sit alongside Simplified Disclosures as an additional option for reduced disclosures.

1 November 2021

31 January 2022

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