• Accounting News - September 2017

In this issue

In this edition, we remind entities that time is running out to implement the ‘triple threat’ three new accounting standards on revenue, financial instruments, and leases.

We also include a checklist of questions for directors and CEOs of charities to ask when reviewing the 30 June 2017 financial report.

Our ‘Blind Freddy’ series this month continues with a focus on common errors made by preparers of financial statements on the relatively straight forward standard, AASB 102 Inventories.

Finally, we summarise some recent agenda decisions by the IFRS Interpretations Committee on issues that will not be taken onto its agenda. These are worth noting because the approach taken in agenda decisions will be followed by securities regulators worldwide.

Download a copy of the September 2017 Edition of Accounting News.


Subscribe to Corporate Reporting Insights


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.

BDO Australia Ltd and each BDO member firm in Australia, their partners and/or directors, employees and agents do not give any warranty as to the accuracy, reliability or completeness of information contained in this article nor do they accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it, except in so far as any liability under statute cannot be excluded. Read full Disclaimer.