Financial Reporting
The Board presents to members a report, signed by the president and deputy president, that the financial statements of the Institute for the full financial year give a true and fair view of the organisation’s financial position and operational results, and comply with accounting standards in Australia.
Respecting the Rights of Members, and Timely and Balanced Disclosure
Enhanced performance
The Board completes a formal evaluation process annually. The results are provided to the governance and nominations committees for review and consideration, with a recommendation being provided to the Board.
Fair and responsible remuneration
The Board has an executive remuneration review committee that monitors the terms and conditions of employment of staff and staff remuneration. The committee considers the remuneration of the chief executive officer and senior management, agrees the remuneration strategy and structure and approves the annual remuneration budget. The five highest paid executives (non-directors) are paid within the salary range of A$179,900 – A$465,000.
No director of the Institute has, since the end of the previous financial year, received or become entitled to receive a benefit (other than a benefit included in the total amount of emoluments disclosed in Note 22, Director and executive disclosures in the Notes to the Financial Statements) by reason of a contract made by the Institute with a director or with a firm of which the director is a member, or with any entity in which the director has a substantial financial interest except as set out in Note 21, Related parties in the Notes to the Financial Statements.
Recognise the legitimate interest of stakeholders
Directors are considered to be independent in so far as membership does not imply or constitute a relationship that would lead to material interference with their ability to act objectively and in the best interests of the Institute.
Directors whose firms undertake work for the Institute do not participate in negotiations or discussions around such work at Institute Board meetings, and abstain from any decisions that relate to their organisation. No director or their organisation is a material supplier to the Institute, although their organisations may be substantial customers.
The Institute’s education and training pathway is the preferred choice for industry professionals.
The Institute is leading the debate in the areas that matter most to business and the accounting profession. 
The Institute produces an invaluable suite of tools, guidance, products and services to help members in their work. 
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