Corporate Reporting & IFRS Advisory
Corporate Reporting Insights
(formerly Accounting News)
An international collaboration has been formed by over 135 countries and jurisdictions, including Australia, in a bid to address concerns about global corporate tax base erosion and to end tax avoidance. The purpose of the collaboration... Read More
On 4 August 2022, the Senate introduced some unexpected amendments to the Treasury Laws Amendment (2022 Measures No. 1) Bill 2022, which will remove the lodgement exemption provided to large grandfathered proprietary companies.
Previously, some non-reporting entities holding Australian Financial Services (AFS) licences prepared special purpose financial statements (SPFS) for the Australian Securities and Investments Commission (ASIC). Following the removal of... Read More
The Russian Federation’s invasion of Ukraine and the subsequent global response to those military actions may have significant financial effects on many entities. These include entities with physical operations in Ukraine, Russia... Read More
Financial statements tend to be long and difficult to understand. If anything, they have only become longer and more difficult to understand with every new disclosure requirement. Many preparers even wonder whether the lenders and... Read More
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