Newsletter:

Accounting News, July 2013

22 July 2013

Sheryl Levine |

In this edition, we look at ASIC areas of focus for 30 June 2013 annual reports, as well as recent releases by the IFRS Interpretations Committee, and the International Accounting Standards Board relating to levies (Interpretation 21) and clarifications to AASB 136 Impairment of Assets regarding recoverable amount disclosures. We will also look at the Australian Accounting Standards Board’s proposal to withdraw AASB 1031 Materiality.

In this issue

  • ASIC areas of focus for 30 June 2013 annual reports
  • ASIC's findings for financial reports of proprietary companies
  • Interpretation 21 Levies
  • AASB clarifies impairment disclosures in AASB 136 Impairment of Assets
  • AASB proposes to withdraw AASB 1031 Materiality
  • New BDO publications
  • Comments sought on exposure drafts