Australia

Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Industry: Financial Services, Banking
  • Type: Regulatory update
  • Date: 2/11/2012

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.

Improving risk disclosures in financial reports for banks (2012/14) 

On 29 October 2012, the FSB Enhanced Disclosure Task Force published its recommendations for improving risk disclosures by banks, Enhancing the Risk Disclosures of Banks.
In the Headlines 2012/14 cover
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The fundamental principles contained in the report apply to all banks. However, enhanced disclosures have been developed specifically for large international banks that are active participants in the equity and debt markets.

 

Adoption of the recommendations in the report is voluntary.

IFRS Briefing Sheets - International financial reporting updates