Survey:  Simplifying financial reporting:  Fact or fiction?

In late June 2010 both the Commonwealth Government and the Australian Accounting Standards Board (AASB) made changes to financial reporting requirements that were expected to reduce unnecessary compliance costs.

In order to gauge the impact of these changes, Grant Thornton is conducting our "Simplifying financial reporting:  Fact or fiction?" survey.

Click here to participate in this survey.

This survey is designed to see whether those changes actually did reduce compliance costs, whether further improvements are needed, and what lessons can be learned for the future. Your comments are particularly important as the Government’s next area for reform includes its current proposals to simplify not-for-profit reporting, radical changes in accounting standards for leasing, and the world wide the push for Integrated Reporting which combines financial reporting, climate change and sustainability, and non financial reporting measures.

Your participation in this Grant Thornton survey is greatly appreciated and a copy of the consolidated results of the survey will be sent to you.

Should you have any questions about this survey, which should take no more than 15 minutes to complete, please contact Keith Reilly, National Head of Professional Standards, at keith.reilly@au.gt.com.

The survey closes on Friday 24 June 2011. If you provide your contact details you will have the chance to win a bottle of Penfolds Grange simply by participating. Your responses will not be identified in our final report.

Andrew Archer
National Head of Audit and Assurance
Grant Thornton Australia Limited
T  +61 2 8297 2400
E  andrew.archer@au.gt.com