Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 29/08/2011

Reporting Updates

Reporting Updates
Reporting Updates (formerly known as Flash Reports) outline changes occurring within the Australian financial reporting environment.

11RU-016 NSW incorporated associations reduced financial reporting requirements 

This Reporting Update announces the availability of reduced financial reporting requirements for Tier 1 NSW incorporated associations who have revenues of less than $2 million, effective for reporting periods ended 30 June 2011.

Key point

  • Tier 1 NSW incorporated associations with less than $2 million gross receipts that can utilise reduced financial reporting requirements for 30 June 2011.
IFRS Briefing Sheets - International financial reporting updates 

Financial Reporting & Accounting Standards

KPMG has extensive experience in applying accounting standards, both Australian accounting standards and IFRS, to a range of transactions.