What’s new for 31 December 2025 reporting – and standards issued but not yet effective
Technical Accounting Alert | TA 2026-1New and revised accounting standards, AASB 108
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Grant Thornton’s audit team undertakes the complete range of audits required of Australian accounting laws. Each of our teams brings together technical experts, alongside industry specialists and audit technology to ensure quality and efficiency, with a look to your future. Our global network means you also have access to people who know what it means to do business in the jurisdictions in which you operate now – or plan to in the long-term.
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Grant Thornton’s internal audit team provides independent oversight and review of your organisation's control environments to manage key risks, inform good decision-making and improve performance.
We undertake Agreed Upon Procedures engagements to provide increased assurance to clients and help them meet their needs.
We help you identify and meet required obligations across the full range of local and global accreditation standards and internal control reviews.
Grant Thornton’s internal audit team provides independent oversight and review of your organisation's control environments to manage key risks, inform good decision-making and improve performance.
We review financial statements to provide assurance to clients and strengthened credibility to their key external stakeholders.
We undertake Agreed Upon Procedures engagements to provide increased assurance to clients and help them meet their needs.
Partner & Head of National Assurance Quality
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New and revised accounting standards, AASB 108
Over time, governments have shifted away from the direct provision of certain community services, instead commissioning them through a competitive market largely serviced by not-for-profit (NFP) organisations.
APRA’s latest reforms are designed to make its banking framework more proportionate, supporting a more competitive banking environment and fostering innovation. For smaller and medium-sized banks, this could mean reduced compliance pressures and more scope to focus on customers and growth.
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