Changes in reporting requirements

During a recent visit to Australia, Mervyn King – one of the top proponents of integrated reporting across the globe – indicated that it was never the intention to replace financial statements with integrated reporting. Integrated reporting is the latest incarnation...
Financial Reporting Panel finishes

Financial Reporting Panel finishes

The panel, which was set up to settle disputes between ASIC and companies, started operations in 2006. It was legislated as a part of the suite of reforms that formed the ninth tranche of the then Federal Government’s Corporate Law Economic Reform Program (CLERP)....
Financial Reporting Panel finishes

Protecting our profession

Changes in the areas of financial services and tax regulation have been at the forefront as a result of reviews conducted by the Federal Government. These policy areas are always in the public eye given that they impact on the current and future incomes of the average...
Financial Reporting Panel finishes

Where to next?

It should be noted that the call for contributions to the IASB’s agenda consultation process is the first opportunity for some time for all of the IASB’s constituents to have their say on the issues they want to see on the top of the list. There is not guarantee of...
Financial Reporting Panel finishes

Do audit reports need revision?

It needs to be said at the outset that the Global Financial Crisis (GFC) has been used as an opportunity to reopen the doors to age-old debates in accounting and auditing. European and American regulators have used this as an excuse to open up the evergreen...