Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 22/07/2010

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

IFRS Briefing Sheet 201: European Commission Corporate Governance green paper 

This IFRS Briefing Sheet highlights key messages from the European Commission green paper Corporate governance in financial institutions and remuneration policies.

The Commission is considering a number of proposals, including requiring a risk statement in annual reports to describe an entity’s appetite for risk, its strategy for managing risk and controls established to support this strategy.

 

The green paper discusses the potential expansion of the role of the external auditor to provide additional assurance on risk-related financial information.

IFRS Briefing Sheets - International financial reporting updates