Earlier this month, ASIC expressed concern about the preparedness of entities for the new accounting standards, as it outlined its focus areas for its 31 December 2018 financial reporting surveillance program.
Read more at the Accountants Daily.
Spike in accounting standards take-up spotted by mid-tier
Mid-tier accounting firm BDO is seeing a flurry of activity around the new accounting standards as ASIC continues to hammer home the importance of preparing for the new standards.
