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News & Issues

Further year end guidance released: Published 16 Jul 2010
On the back of the Institute’s Essential guidance for 30 June 2010 year end reporting, ASIC has released the findings of its latest surveillance program. More >

SBR and its application for auditors: Published 16 Jul 2010
The government’s biggest initiative to reduce business to government reporting burden, Standard Business Reporting, has commenced. But what are the implications for audit and assurance practitioners? More >

Guide produced to assist sign-off of financial statements: Published 05 Jul 2010
A Financial Reporting Certification guide has been released to assist Australia’s CEOs and CFOs in their mandatory sign-off of financial statements under the Corporations Act. More >

Milestone reporting reform finally a reality: Published 05 Jul 2010
We have continued our research into reporting themes and issues and have come up with the big issues affecting year end reporting periods. More >

Standard Business Reporting is here: Published 05 Jul 2010
Listen, as Standard Business Reporting (SBR) Program Director, Paul Madden, takes us on a journey through the key milestones in bringing together this world class initiative designed to reduce business to government reporting. More >

IFAC obtains recommendations from global leaders on financial reporting: Published 18 Jun 2010
The International Federation of Accountants has published business reporting recommendations from global business leaders. More >

Breakthrough business to government reporting initiative imminent: Published 18 Jun 2010
The Standard Business Reporting initiative, which aims to reduce business to government reporting, has reached some major milestones. More >

Essential guidance for 2010 financial year end: Published 18 Jun 2010
We have continued our research into reporting themes and issues and have come up with the big issues affecting year-end reporting periods. More >

Institute attends Regional Policy Forum: Published 08 Jun 2010
The Institute was represented in Singapore recently to participate in a forum dedicated to lessons learnt from the financial crisis. More >

IFAC launches survey on risk management and internal control: Published 04 Jun 2010
The International Federation of Accountants has launched a survey to identify how risk management and internal control frameworks are currently being used by businesses globally. More >

IFAC reviews its support for accountants in business: Published 04 Jun 2010
The International Federation of Accountants has released for public comment, a draft strategy and work plan that focuses on ways the body can enhance the profile, influence and relevance of professional accountants in business. More >

What’s new in Standard Business Reporting?: Published 22 May 2010
A new online security credential will make it easier for members to access government online services. More >

IFAC’s Good Practice Guidance for Chartered Accountants in business: Published 07 May 2010
The International Federation of Accountants has published International Good Practice Guidance for accountants working in business to offer best practice support in areas not already covered by existing standards. More >

Institute teams with CPA to fight for small business on differential reporting: Published 23 Apr 2010
The Institute and CPA Australia have lodged a joint submission to a key exposure draft which has the potential to impact all Australian accountants More >

GAA works to improve Financial Reporting: Published 26 Feb 2010
A new report has been released by the Global Accounting Alliance which discusses the outcomes of three roundtable events on improving the quality of financial reporting internationally. More >

Focus areas for financial reports: Published 29 Jan 2010
The Australian Securities and Investments Commission and the Institute have both released suggested focus areas for entities preparing their 31 December 2009 financial reports. More >

Accounting standards take centre stage at Brunei conference: Published 18 Jan 2010
The Institute's Director Asia, Bill Palmer FCA, took part in two panel discussions on accounting standards at the 16th ASEAN Federation of Accountants Conference, held in Brunei Darussalam in December 2009. More >

Relief for business under government’s latest red tape reduction initiative: Published 04 Dec 2009
The latest Corporate Reporting Reform initiatives, will result in reduced compliance costs and more practical outcomes for business More >

Have your say on the changing face of government reporting: Published 04 Dec 2009
The IPSASB has released a discussion paper seeking views on how the government’s reporting activities can increase transparency and accountability of decision making. More >

Essential guidance for 2009 year end reporting: Published 04 Dec 2009
Were fair value, asset impairment and going concern really that significant in the last reporting period? The Institute has analysed the top 30 Australian listed entities to find out… More >

Reporting: year in review: Published 21 Nov 2009
Non-financial business reporting continued to evolve in 2009, as did the world’s convergence to a single set of accounting standards. More >

Not-for-profit reform on the agenda: Published 24 Oct 2009
The Institute supports the release of the draft productivity commission report although it is concerned about the recommendation to introduce a Commonwealth Associations structure in addition to the current state/territory requirements. More >

More needed on proposed super accounting standard: Published 09 Oct 2009
Proposed superannuation accounting standard needs more work according to the professional accounting bodies. More >

Single economic market with New Zealand moves closer: Published 26 Sep 2009
Single economic market with New Zealand moves closer. More >

Accounting in extractive industries goes under the spotlight: Published 26 Sep 2009
The IASB releases a draft discussion paper on the accounting for entities engaged in minerals and oil & gas extractive activities. More >

Institute makes a splash with water accounting factsheet: Published 09 Sep 2009
The Institute has published a factsheet about water accounting in Australia. It goes under the surface of the issue, to explain what is happening now and what the future holds. More >

Business reporting MOU formalised across the ditch: Published 28 Aug 2009
The Federal Government has formalised a MOU on Standard Business Reporting with the New Zealand government. More >

BBBR supplementary paper released: Published 28 Aug 2009
The Institute latest leadership paper places the practice of BBBR firmly in the context of the current economic downturn. More >

International accounting board progresses its IFRS convergence program: Published 14 Aug 2009
The Institute welcomes international convergence to IFRS by the IPSASB, although recommends a slow down on financial instrument proposals. More >

Key outcomes from G20 Accountancy Summit: Published 03 Aug 2009
The G20 Accountancy Summit, held in London recently provided an opportunity for the Institute to share its perspective on the roadmap to economic recovery. More >

Including climate change data in annual reports: Published 21 Jul 2009
New proposals designed to assist directors with the inclusion of climate change related information in annual reports have been announced by the Climate Disclosure Standards Board (CBSD). More >

Complexities of corporate reporting: Published 21 Jul 2009
The UK FRC has issued a research paper entitled Louder than Words: Principles and actions for making corporate reports less complex and more relevant More >

IASB releases SME standard: Published 21 Jul 2009
The long-awaited standard for SMEs has been issued by the IASB and the AASB will now determine its application in Australia More >

Water rises up the accounting agenda: Published 20 Jul 2009
As the future of accounting for water progresses, we will represent the interests of members in regional and rural Australia, and provide regular updates for them. More >

Institute facilitates AFR roundtable on audit: Published 20 Jul 2009
The Institute has initiated and hosted an Australian Financial Review roundtable discussion on the auditing profession in Australia. More >

Wanted: manufacturing sector accountants to help with IFRS guide: Published 02 Jul 2009
The Global Accounting Alliance is looking for IFRS content reviewers for a General Accounting Guide currently under development. More >

One year to go...: Published 17 Jun 2009
The project to simplify business-to-government reporting and to reduce regulatory burden is now only 12 months away. More >

Submission season is here: Published 04 Jun 2009
Executive remuneration and termination payments are key issues which the Institute has recently commented to government on. More >

The value of the external audit: Published 04 Jun 2009
The Institute’s Lee White says the external audit is as robust as ever, but the current reporting period will present challenging circumstances. More >

Regional General Manager's Report - June 2009 (NSW): Published 28 May 2009
An update on the recent Business Forum, news and events, as well as innovative training options for members and candidates in the NSW region. More >

Tools: essential guidance for 2009 financial year end: Published 25 May 2009
The Institute has released guidance aimed at preparers, audit committees and auditors undertaking their professional responsibilities for the 2009 financial year end. More >

Tools: essential guidance for 2009 financial year end: Published 22 May 2009
The Institute has released guidance aimed at preparers, audit committees and auditors undertaking their professional responsibilities for the 2009 financial year end. More >

Podcast: not-for-profit thought leadership paper: Published 08 May 2009
The Institute continues to provide tools and online resources to members through the use of podcasts - this week the Institute talks to Kerry Hicks, Head of Reporting, about the Institute's not-for-profit thought leadership paper. More >

Climate change: new measures to CPRS: Published 08 May 2009
The Carbon Pollution Reduction Scheme will now be phased in from 1 July 2011, and a new ambitious 25 per cent by 2020 target has been put on the table. This article examines the changes and how they affect members. More >

Not-for-profit: PwC Transparency Awards: Published 27 Apr 2009
Oxfam wins annual not-for-profit award More >

G20: accounting outcomes: Published 27 Apr 2009
A number of developments, relevant to accountants worldwide, came out of the latest G20 meetings in London. More >

Submission: the future of financial reporting presentation: Published 09 Apr 2009
The Institute has worked with users, preparers and auditors to finalise a submission on the future of financial statement presentation. More >

Leadership: Institute publishes update to not-for-profit guidance: Published 16 Mar 2009
The Institute continues its commitment to provide guidance to members on recent updates to not-for-profit reporting through its latest leadership paper. More >

Global: IASB board members hosted by the Institute: Published 16 Feb 2009
What have been the IASB’s actions following the global economic downturn? How is the IASB working towards making financial statements more useful? Find out at a series of presentations and roundtable discussions hosted by the Institute in March. More >

Leadership: business leadership now has an address: Published 02 Dec 2008
The Institute launches www.business-leader.tv to showcase its business leader series. More >