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blog address: https://expertaxconsulting.com.au/aasb-speaks-financial-reporting-changes/
keywords: Financial reporting
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AASB Speaks Financial reporting changes
Category: Business
The Australian Accounting Standards Board (AASB) has defended its proposal to implement a revised conceptual framework and its effect on financial reporting requirements, noting that it would only affect a small number of entities. With the International Accounting Standards Board (IASB) recently amending the Conceptual Framework for Financial Reporting, the AASB is proposing changes to maintain harmonisation with IFRS.
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