Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards
  • Date: 2/07/2012

Reporting Updates

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

12RU-004 ASIC focuses in on June year-ends 

ASIC has released their areas of focus for 30 June 2012 financial reports.
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Areas of focus

  • Revenue recognition and expense deferral policies.
  • Asset values and the disclosures of associated assumptions.
  • Off-balance sheet arrangements.
  • Going concern assessments.
 

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Financial Reporting & Accounting Standards

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