Accounting News, July 2015
20 July 2015
In this edition we look at which companies have been early adopters of AASB 9 Financial Instruments and why, as well as the practical challenges of applying the new impairment model in AASB 9 to non-lenders.
We also consider ASIC’s recent media release regarding restatement of a private company’s financial statements and ASIC pronouncements, including a streamlined and more lenient process for granting consent to change auditors.
Lastly, we discuss the ACNC’s top ten tips for reporting in 2015.
In this issue
- Who are the early adopters of the new AASB 9 hedge accounting requirements?
- Practical challenges of applying the new AASB 9 impairment model to trade and lease receivables
- Restatements of financial statements from ASIC enquiries now extending to private companies
- Rule changes for resignation of auditors of public companies
- ASIC extends Class Order 14/632 for key management personnel equity instrument disclosures to 31 December 2015
- ACNC top ten reporting tips
- New BDO publications
- Comments sought on exposure drafts