Details

Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services
Type: Regulatory update
Date: 12/11/2012

Reporting Updates

Reporting Updates are KPMG's way of communicating changes occurring within the Australian financial reporting environment to our clients.

12RU-009 Investment entity amendments out: but not yet in Australia

This Reporting Update discusses the recent IASB amendments for investment entities which cannot be adopted in Australia until the AASB approves them.

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12RU-009 Investment entity amendments out: but not yet in Australia [PDF 66KB]

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The AASB met last week to discuss the changes and have tentatively decided to delay the adoption of the exemption for investment entities because they are concerned about the loss of consolidation information that would result.

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