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 309 Disclosure Requirements in Australian Accounting Standards – A Pilot Approach

Proposes a new approach to developing disclosure requirements in Australian Accounting Standards, and new disclosure requirements for fair value (AASB 13) and employee benefits (AASB 119).
The aim of the new approach is to enable entities to enhance their judgement when making disclosures, and reduce ‘boilerplate’ information.

16 August 2021

21 October 2021

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 312 Disclosure of Accounting Policies – Proposed Amendments to Tier 2 and Other Australian Accounting Standards

Proposes to amend the following Australian Accounting Standards to require disclosure of material accounting policy information rather than significant accounting policies in line with recent changes to AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors:

  • AASB 1049 Whole of Government and General Government Sector Financial Reporting
  • AASB 1054 Australian Additional Disclosures
  • AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities

4 October 2021


ED 313 Initial Application of AASB 17 and AASB 19 – Comparative Information

Insurance companies applying AASB 17 and AASB 9 for the first time from 1 January 2023 are not required to restate comparatives for financial assets in AASB 9. The amendment proposes to allow entities to present comparative information for financial assets under AASB 9 as if the classification and measurement requirements of AASB 9 had been applied to that financial asset in the prior period.

20 August 2021

27 September 2021

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