Posts tagged as Financial Statements

By Aletta Boshoff | 19 August 2022

Potential additional tax disclosures in 30 June 2022 financial statements for some CBCREs

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

By Aletta Boshoff | 08 August 2022

Lodgement exemption for large grandfathered proprietary companies has been scrapped

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. Read More

By Aletta Boshoff | 16 June 2022

AFS licensees required to prepare Tier 1 financial statements for 30 June 2022

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

By Aletta Boshoff | 23 March 2022

Ukraine-Russia conflict – What it means for your financial statements and OFR

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

By Armand Capisciolto | 23 March 2022

Eight ways to make your financial statements say what they mean

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