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In addition to the publication of the IFRS quarterly newsletters, the IFRS team at Grant Thornton International releases from time to time special edition newsletters that focus on major IFRS developments. While these newsletters are written from an IFRS perspective, they are relevant to the Australian environment as Australian Accounting Standards incorporate IFRSs issued by the International Accounting Standards Board. If you have any queries regarding these special edition newsletters please don’t hesitate to contact your local Grant Thornton office.

‘Culture eats strategy’ has become accepted business wisdom. But is it possible for dynamic companies to maintain their unique culture and appeal as they expand and avoid the growing pains that affect so many firms?

The Corporate governance report 2017 provides practical recommendations for boards to consider when working with leadership teams in order to successfully develop a strong corporate culture.

As the Australian Government continues to focus on the way it taxes Significant Global Entities (SGE), there’s a lot for businesses to navigate to ensure they are meeting all requirements in a coordinated and effective way.

The Australian Government has introduced a new funding system for the Australian Securities and Investments Commission (ASIC), the ‘ASIC Industry Funding Model’, which will pass on greater compliance costs to Australian businesses.

The Australian corporate regulator, the Australian Securities and Investments Commission (ASIC) has recently written to over 1,000 proprietary companies enquiring whether their annual financial reports should’ve been prepared, audited and lodged with ASIC in accordance with the requirements of Corporations Act 2001.

Navigating changes to IFRS for CFOs: a high-level summary of recent changes to IFRS that will affect companies' future financial reporting. Changes are colour coded to help Chief Financial Officers identify the changes that will affect them most.

For years, the report that comes from the company’s audit firm has been criticized as providing very little useful information for investors. Investors have been calling on the audit report to be enhanced from its pass/fail approach for some time. They have requested that the key areas identified in the course of the audit be explained and conclusions drawn on how the auditors were able to gain comfort.

IFRS factsheets

The average length of financial statements has been growing for many years, as a result of new Standards and Amendments published by the IASB. In the coming years, new Standards on revenue, financial instruments and leasing will add even more disclosures.

The IFRS Viewpoint series provides insights from Grant Thornton's global IFRS team on applying IFRSs in challenging situations. Each edition focuses on an area where Standards have proved difficult to apply or lack guidance.

While IFRS 9’s mandatory effective date of 1 January 2018 seems a long time into the future, ADI’s should consider evaluating the implications of the new Standard now.