Reporting

The Institute’s financial reporting team assists members with up to date information on matters affecting the preparation of financial reports for all types of entities. It monitors changes in both the standard setting and regulatory environment.

Financial reporting is headed up by Kerry Hicks.

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AASB

Financial reporting and accounting standards

Australian accounting standards are set by the Australian Accounting Standards Board (AASB) and have the force of law for Corporations law entities under s 296 of the Corporations Act 2001. They must also be applied to all other general purpose financial reports of reporting entities in the public and private sectors.

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