Financial Reporting in Australia

Financial Reporting in Australia

Businesses today face an ever-expanding range of accounting issues in addition to monitoring changes in international financial reporting standards (IFRS). BDO continually explores the Australian financial reporting landscape to identify those that matter most. 

How BDO can help

We’ve compiled these resources based on our findings to help you learn more about key accounting and regulatory changes, and how they may affect your business or industry.

20/06/2024Important reminder: Large private groups must lodge complete, consolidated financial statements
22/05/2024ASIC announces key focus areas for its 30 June 2024 financial reporting surveillance
22/05/2024Important notice for large private companies with 'grandfathered' status
22/05/2024ASIC extends legislative instruments for auditor independence and parent entity financial reporting relief
19/09/2023Listed entities – Have you done your Operating and Financial Review (OFR) health check?
23/08/2023Where should TCFD disclosures be presented in the annual reports of listed entities?
21/06/2023ASIC focus areas for 30 June 2023 financial reports
14/04/2023Impairment testing – Can market capitalisation be used to determine fair value less costs of disposal?
14/04/2023Reminder – Non-IFRS profit measures are not permitted in the statutory financial statements
14/04/2023Six more listed entities add additional material business risk disclosure because of ASIC surveillance program
24/02/2022ASIC calls for improved disclosure about material business risks in directors’ reports
17/11/2022ASIC focusing on non-disclosure of business risks in the Operating and Financial Review of listed entities
17/11/2022ASX to strictly enforce lodgment deadline rules from 1 January 2023
20/10/2022ASIC updates Form FS 70 for AFS licensees
24/08/2022Lodgement exemption for large grandfathered proprietary companies has been scrapped
24/08/2022ASIC relief for AFS licensees transitioning to general purpose financial statements
23/06/2022AFS licensees required to prepare Tier 1 financial statements for 30 June 2022
23/11/2021More ASIC guidance for directors on the features of an audit committee that support audit quality
21/10/2021Bed licences - Have you reviewed carrying amounts and estimated useful lives in 30 June 2021 financial statements?
24/05/2021ASIC allows AFS licensees to include ROU assets in NTA and other calculations for financial requirements
25/06/2020Disclosure of auditors’ remuneration in 30 June 2020 financial reports – More detail required for ASX entities

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