Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards
  • Type: Regulatory update
  • Date: 20/12/2011

Reporting Updates

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

11RU-023 Impacts of Chi-X operating in Australia 

This Reporting Update considers a series of questions and answers to assist in understanding how the new stock exchange Chi-X may impact financial statement preparation for periods ending 31 December 2011 and onwards.
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Key points

  • Chi-X is an alternative trading venue from ASX
  • Chi-X does not list entities – this remains with ASX
  • Listed entities are not required to lodge documents with Chi-X but will continue to notify/lodge with ASX
  • When determining fair values of financial assets, under AASB 139, use the higher of ASX and Chi-X.
IFRS Briefing Sheets - International financial reporting updates