ASIC finds industry falling behind on new accounting standards
The corporate regulator has once again raised alarm bells around the impact of new accounting standards, noting a general “lack of preparedness” by entities from its review of 31 December 2017 financial reports.
As part of its review of the 31 December 2017 financial reports of 90 listed and other public interest entities, ASIC has made enquires of 17 entities on 20 matters, seeking explanations of accounting treatments.
Read the full article at AccountantsDaily.
