Update to financial reporting changes affecting the aged care industry
02 June 2017
Less than six months after announcing changes to the financial reporting requirements for residential aged care and home care package providers, the Department of Health is reverting back on one of the requirements.
The Annual Prudential Compliance Statement (APCS) must now still be audited. This change adjusts the advice the Department previously provided regarding the Aged Care Financial Report (ACFR).
Our Technical Update on the subject outlines this change in more detail.