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Further complexities arise when companies are required to dual report: meeting both the Australian accounting standards for Australian reporting, as well as foreign accounting standards in group reporting.
Our team has a single overarching purpose: to simplify high quality and current financial reporting for our clients. We can help you understand changes in accounting standards, develop change strategies and clearly communicate your plans to your stakeholders.
We undertake financial report preparation through our Centre of Excellence to help for profit and not for profit clients prepare financial statements.
Understand what is required of your organisation as a result of recent technical developments affecting accounting standards.
As accounting issues emerge, we often see a significant impact on financial reporting. To ensure your financial statements and accounting policies meet new requirements, the below publications explain changes and action items in an approachable and actionable form – ensuring you are aware of your obligations, any areas of complexity and potential impacts.
Not for Profit entities face unique accounting challenges. As a result, the AASB has historically issued multiple industry-specific standards to support consistent financial reporting across the industry.
Local, technical and financial reporting alerts
We undertake financial report preparation through our Centre of Excellence to help for profit and not for profit clients prepare financial statements.
Not for Profit entities face unique accounting challenges. As a result, the AASB has historically issued multiple industry-specific standards to support consistent financial reporting across the industry.
Understand what is required of your organisation as a result of recent technical developments affecting accounting standards.
Local, technical and financial reporting alerts
As accounting issues emerge, we often see a significant impact on financial reporting. To ensure your financial statements and accounting policies meet new requirements, the below publications explain changes and action items in an approachable and actionable form – ensuring you are aware of your obligations, any areas of complexity and potential impacts.
Partner & Head of National Assurance Quality
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In the meantime, if you have any questions, please don't hesitate to contact us via communications@au.gt.com.
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.
Australian Securities and Investments Commission (ASIC) and the Auditing and Assurance Standards Board (AUASB) have both recently published FAQs providing guidance on the use of the different auditors for financial reporting audit and sustainability reporting assurance.
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