Accounting alerts: #7 2015
ASIC’s focus areas for December 2015 year ends
ASIC is focused on the quality of financial reporting. Financial reports should provide useful and meaningful information for investors and other users. ASIC is not focused on immaterial disclosures that add unnecessary complexity or clutter to the financial reports.
Financial reporting is undergoing rapid change, particularly with the IASB finalising a number of projects effective over the next few years. The need to be kept informed of the latest developments has never been more important.
Our Accounting Technical team produce this series of 'Heads Up' newsletters to keep our clients up-to-date on new pronouncements, emerging issues and uncertainties in interpretation in financial reporting.
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