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 has established a Centre of Excellence for financial reporting that allows companies to access talented and specialised resources when preparing financial statements. By liaising closely with management of their clients and with other specialists, the members of the Centre of Excellence are able to efficiently utilise market-leading tools to prepare financial statements that comply with Australian Accounting Standards for our clients in both the for profit and not for profit spaces.
When preparing financial reports, we undertake a ‘compilation engagement’ defined by the Australian Professional Ethical Standards Board. Our qualified and competent staff, who are professionally bound to ensure that the information you present complies with your chosen accounting framework, prepare the financial statements for you.
We leverage knowledge of the tools and Australian Accounting Standards to provide rapid and cost-effective services to our clients.
We leverage knowledge of the tools and Australian Accounting Standards to provide rapid and cost-effective services to our clients.
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.
There continues to be a spotlight on trust and integrity within the professional services industry. From our perspective, these have always been critical considerations.
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