ASIC commissioner John Price has urged companies to focus on giving information for users of financial reports that is “useful and meaningful” and to be prepared for the new standards.
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‘Surprising’ 2017 reports prompt ASIC’s caution to accountants, auditors
ASIC has released its focus areas for the year ending 31 December 2017 financial reports, calling on accountants and auditors to address the impact of major new accounting standards as implementation lags.
