Corporate Reporting Insights Blog


By Aletta Boshoff | 21 July 2022

Changes to oil and gas reporting under Listing Rule 5

Listed oil and gas entities should note that the revised Listing Rule 5 Additional reporting on mining and oil and gas production and exploration activities requirements regarding public reporting on oil and gas activities came into effect on 1 July 2022.


By Aletta Boshoff | 21 July 2022

Results from ASIC’s surveillance of 31 December 2021 financial reports

Every six months, the Australian Securities and Investments Commission (ASIC) publishes an anonymised summary, via a Media Release, of areas where it has made inquiries to companies (particularly listed entities) regarding the appropriate accounting treatment in their...


By Aletta Boshoff | 21 July 2022

More disclosures for for-profit entities preparing special purpose financial statements at 30 June 2022

Certain for-profit entities are not required by legislation to prepare general purpose financial statements (GPFS) in accordance with Australian Accounting Standards.


By Aletta Boshoff | 21 July 2022

ASIC issues revised Form FS70 for AFS licensee reporting

Previously, many non-reporting entities holding Australian Financial Services (AFS) licences prepared special purpose financial statements (SPFS) for the Australian Securities and Investments Commission (ASIC).


By Aletta Boshoff | 16 June 2022

Two new eLearning courses and four new seminars available on IFRS Training Hub

To help your organisation transition to general purpose financial statements, BDO has developed eLearning courses and seminars on a variety of IFRS topics. These can be found on our IFRS Training Hub. This month we are launching the following new resources:


By Aletta Boshoff | 16 June 2022

What’s new for 30 June 2022 annual and half-year financial reports?

When preparing 30 June 2022 annual and half-year financial reports, entities should consider the following.


By Aletta Boshoff | 16 June 2022

ASIC focus areas for 30 June 2022 financial reports

The Australian Securities and Investments Commission (ASIC) recently issued a Media Release highlighting its focus areas for 30 June 2022 reporting. It is urging directors and preparers of 30 June 2022 annual and half-year financial reports to assess whether these provide...


By Aletta Boshoff | 16 June 2022

Exemptions from preparing consolidated financial statements

There are exemptions to preparing consolidated financial statements that apply for intermediate parent entities. For vertical groups, preparing numerous sets of consolidated financial statements is a time-consuming, costly, and onerous task. This can often have little benefit,...


By Aletta Boshoff | 16 June 2022

Changes to constitution and banking agreements from 1 July 2021 may trigger GPFS

If your entity prepares financial statements because your constitution or another document requires you to do so, you may need to convert these to general purpose financial statements (GPFS) for 30 June 2022 reporting. 


By Aletta Boshoff | 16 June 2022

Disclosing related party transactions - Who is a related party?

During the past year, we have been tackling one accounting topic at a time in Corporate Reporting Insights to assist entities with preparing their first general purpose financial statements (GPFS).