by Doug Niven | Oct 1, 2012 | Features
While an entity’s financial report provides important information to members and other users about the entity’s financial position and performance, it will rarely contain all the information needed to readily assess the underlying reasons for the entity’s financial...
by Doug Niven | Aug 1, 2012 | Features
Performance and uncertain economic conditions 1. Revenue recognition, expense deferral and other comprehensive income Directors and auditors should review revenue recognition policies to ensure that revenue is recognised in accordance with the substance of the...
by Doug Niven | Apr 1, 2012 | Features
Economic conditions 1. Asset values Asset impairment testing requires improvement. Issues include: ignoring the significance of impairment indicators, such as reported net assets exceeding market capitalisation using unrealistically optimistic discount and...
by Doug Niven | Feb 1, 2012 | Features
While such information may be necessary or useful to meet the demands of users such as analysts and investors, there is potential for the disclosures to be misleading. In December 2011 ASIC released Regulatory Guide 230 Disclosing non-IFRS financial information (RG...
by Doug Niven | Dec 1, 2011 | Features
copies of academic qualifications not being certified as true and correct copies by a Justice of the Peace, Commissioner of Declarations, solicitor or barrister supervisor and capability declarations on each page by the declarant and witness. To assist...
