20 Aug. 2010
The AASB has issued ED 202 Leases, incorporating IASB proposals, which aims to improve the transparency of lease accounting and make financial statements more comparable for investors.... Read more
17 Aug. 2010
Click here to find out how easy it is to understand the new reduced disclosure requirements when preparing financial statements. Here you will find the existing Standards and Interpretations for early adopters, which show which disclosures have been cut back - just look for the shading!... Read more
9 Aug. 2010
The AASB has issued ED 201 Insurance Contracts for comment by 8 November 2010.... Read more
28 Jul. 2010
You are invited to attend an IASB Discussion Forum, facilitated by the AASB, on Thursday 26th August 2010.... Read more
8 Jul. 2010
Australia and New Zealand are now one step closer to having a common set of financial reporting standards, as a result of the release of exposure drafts that will amend financial reporting standards in Australia and New Zealand.... Read more
7 Jul. 2010
The AASB has issued amending standard AASB 2010-3 Amendments to Australian Accounting Standards arising from the Annual Improvements Project and AASB 2010-4 Further Amendments to Australian Accounting Standards arising from the Annual Improvements Project.... Read more
6 Jul. 2010
The AASB has released ED 199 Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure) for comment by 16 August 2010.... Read more
6 Jul. 2010
The AASB has re-issued AASB 1048 Interpretation of Standards. It is operative for reporting periods ending 30 June 2010.... Read more
2 Jul. 2010
The AASB has issued an International Accounting Standards Board (IASB) exposure draft for comment in Australia, ED 198 Revenue from Contracts with Customers, which aims to improve and align the financial reporting of revenue from contracts with customers and related costs. Comments are due to the AASB by 24 Sept. 2010 and the IASB by 22 Oct. 2010.... Read more
2 Jul. 2010
The AASB today issued AASB 1053 Application of Tiers of Australian Accounting Standards and AASB 2010-2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements.... Read more
25 Jun. 2010
The Action Alert for the 25 June 2010 Differential Reporting Board meeting is now available.... Read more
23 Jun. 2010
The AASB has called a special a meeting on Friday, 25 June 2010 to discuss differential reporting. The Board will consider a draft Application Standard and a draft Amending Standard with a view to approving those Standards for issue by 30 June 2010. The meeting will be held in public at the AASB Office in Melbourne. Click here to view the agenda for the meeting.... Read more
10 Jun. 2010
The approved minutes for the 17 May 2010 AASB meeting (No.107) are now available.... Read more
1 Jun. 2010
The AASB has released ED 197 Presentation of Items of Other Comprehensive Income (proposed amendments to AASB 101) for comment by 2 August 2010.... Read more
21 May. 2010
The submissions to the AASB on ED 191 Measurement of Liabilities in AASB 137 (Limited re-exposure of proposed amendment to AASB 137) are now available.... Read more
21 May. 2010
The AASB has sent a submission to the International Accounting Standards Board (IASB), which disagrees overall with the proposals in the IASB Exposure Draft Measurement of Liabilities in IAS 37.... Read more
17 May. 2010
The approved minutes for the 28-29 April 2010 AASB meeting (No.106) are now available.... Read more
13 May. 2010
The IASB has issued an ED seeking input on proposed changes to the accounting for financial liabilities designated at fair value.... Read more
12 May. 2010
The AASB has released ED 195 Defined Benefit Plans (proposed amendments to AASB 119) for comment.... Read more
30 Apr. 2010
The submissions to the AASB on ED 192 Revised Differential Reporting Framework are now available.... Read more
21 Apr. 2010
The AASB has released ED 194 Service Concession Arrangements: Grantor for comment to the AASB by 24 May 2010. Submissions are due to the IPSASB by 30 June 2010.... Read more
13 Apr. 2010
The AASB has issued invitation to comment ITC 23 Extractive Activities, which incorporates the IASB Discussion Paper DP 2010/1 of the same name.... Read more
1 Apr. 2010
The AASB invites you to attend Roundtable discussions on ED 192 Revised Differential Reporting Framework and related Consultation Paper Differential Financial Reporting – Reducing Disclosure Requirements.... Read more
31 Mar. 2010
The Australian Accounting Standards Board (AASB) is seeking comments on exposure draft ED 192 Revised Differential Reporting Framework... Read more
23 Mar. 2010
The approved minutes for the 3-4 February 2010 AASB meeting (No.104) are now available.... Read more
23 Mar. 2010
The AASB has released ED 193 Conceptual Framework for Financial Reporting: The Reporting Entity for comment.... Read more
15 Mar. 2010
The submissions to the AASB on ED 180 Income from Non-exchange Transactions (Taxes and Transfers) are now available.... Read more
23 Feb. 2010
The AASB has issued AASB 2010-1 Amendments to Australian Accounting Standards - Limited Exemption from Comparative AASB 7 Disclosures for First-time Adopters.... Read more
19 Feb. 2010
The submissions to the AASB on ED 183 Management Commentary and the AASB submission to the IASB on the IASB Exposure Draft ED/2009/6 Management Commentary are now available.... Read more
19 Feb. 2010
The AASB has issued ITC 22 'Request for Comment on IPSASB Consultation Paper Reporting on the Long-Term Sustainability of Public Finances'.... Read more
18 Feb. 2010
You are invited to attend a roundtable discussion, in Sydney or Melbourne, on exposure draft ED 189 Financial Instruments: Amortised Cost and Impairment, which proposes to clarify the amortised cost model and to rationalise and improve the approach to measuring and reporting impairments of financial assets.... Read more
4 Feb. 2010
The approved minutes for the 9-10 December 2009 AASB meeting (No.103) are now available.... Read more
28 Jan. 2010
The AASB congratulates Professor David Boymal, past Chairman of the AASB, on being awarded membership of the Order of Australia General Division in the Australia Day Honours List for service to accountancy, and to the development and implementation of financial reporting standards in Australia.... Read more
15 Jan. 2010
The AASB congratulates AASB Board member and FRSB Chairman, Joanna Perry on being awarded membership of the New Zealand Order of Merit in the New Year's Honours List for her services to accounting.... Read more
7 Jan. 2010
The AASB has issued AASB ED 191 Measurement of Liabilities in AASB 137 (Limited re-exposure of proposed amendment to AASB 137). Comments are due to the AASB by 15 March 2010.... Read more
23 Dec. 2009
The draft Exposure Draft Revised Differential Reporting Framework and 34 accompanying documents setting out preliminary staff views on proposed disclosures under the Reduced Disclosure Regime (RDR) are now available.... Read more
22 Dec. 2009
AASB has issued Amending Standards:
- AASB 2009-13 Amendments to Australian Accounting Standards arising from Interpretation 19 [AASB 1]; and
- AASB 2009-14 Amendments to Australian Interpretation – Prepayments of a Minimum Funding Requirement [AASB Interpretation 14]... Read more
22 Dec. 2009
AASB Interpretation 19 Extinguishing Financial Liabilities with Equity Instruments has been released by the AASB.... Read more
22 Dec. 2009
The volume of disclosures required of most entities in the private and public sectors will be substantially reduced if proposals in a Consultation Paper by the Australian Accounting Standards Board (AASB) are adopted.... Read more
16 Dec. 2009
Revised AASB 124 Related Party Disclosures (December 2009) and AASB 2009-12 Amendments to Australian Accounting Standards have been released.... Read more
10 Dec. 2009
The approved minutes for the 28-29 October 2009 AASB meeting (No.102) are now available.... Read more
8 Dec. 2009
The AASB today issued AASB 9 Financial Instruments, which simplifies the classifications of financial assets into those to be carried at amortised cost and those to be carried at fair value.... Read more
3 Dec. 2009
The submissions to the AASB on ED 179 Superannuation Plans and Approved Deposit Funds are now available.... Read more
27 Nov. 2009
The AASB has released AASB ED 190 Limited Exemption from Comparative AASB 7 Disclosures for First-time Adopters (proposed amendment to AASB 1). Comments are due to the AASB by 9 December 2009 and to the IASB by 29 December 2009.... Read more
20 Nov. 2009
The AASB recalls the passing of Dr Reg Gynther on 27 November 1999.... Read more
19 Nov. 2009
The AASB is seeking comments on an exposure draft ED 189 Financial Instruments: Amortised Cost and Impairment... Read more
17 Nov. 2009
The tables of AASB Standards, Interpretations and IASB support materials have been streamlined by the removal of Table 2 in each case. This leaves only what was previously called “Table 1” in each section, that is, the most recent version of each pronouncement or document. ... Read more
29 Oct. 2009
The approved minutes for the 23-24 September 2009 AASB meeting (No.101) are now available.... Read more
27 Oct. 2009
AASB 2009-10 Amendments to Australian Accounting Standards - Classification of Rights Issues has been released.... Read more
13 Oct. 2009
Applications to join the Project Advisory Panel for the AASB project Disclosures by Private Sector Not-for-Profit Entities have now closed.... Read more
8 Oct. 2009
The AASB has issued an Erratum General Terminology Changes, to make further amendments, similar to those made in AASB 2009-6, to pronouncements.... Read more
5 Oct. 2009
The submissions to the AASB on ED 181 Fair Value Measurement and the AASB submission to the IASB on the IASB Exposure Draft ED/2009/5 Fair Value Measurement are now available.... Read more
1 Oct. 2009
Kevin Stevenson, Chairman of the Australian Accounting Standards Board (AASB), has announced the appointment of Co- Deputy Chairs of the AASB; Bruce Porter and Ian McPhee.... Read more
29 Sep. 2009
The submissions to the AASB on ED 184 Financial Instruments: Classification and Measurement and the AASB submission to the IASB on the IASB Exposure Draft ED/2009/7 Financial Instruments: Classification and Measurement are now available.... Read more
29 Sep. 2009
The first meeting of the Asian Oceanian Standard Setters Group (AOSSG) will be hosted by the Malaysian Accounting Standards Board on 4-5 November 2009 in Kuala Lumpur.... Read more
23 Sep. 2009
The approved minutes for the 29-30 July 2009 AASB meeting (No.100) are now available.... Read more
8 Sep. 2009
The AASB has released ED 187 Discount Rate for Employee Benefits (proposed amendments to AASB 119) for comment to the AASB by 14 September 2009 or to the IASB by 30 September 2009.... Read more
7 Sep. 2009
The submissions to the AASB on ED 186 Classification of Rights Issues and the AASB submission to the IASB on the IASB Exposure Draft ED/2009/9 Classification of Rights Issues (proposed amendment to AASB 132) are now available.... Read more
3 Sep. 2009
You are invited to join a Project Advisory Panel of people with an interest in financial reporting by not-for-profit entities in the private sector to assist with the development of the AASB project Disclosures by Private Sector Not-for-Profit Entities.... Read more
2 Sep. 2009
The comment letters on the AASB 138 DP Initial Accounting for Internally Generated Intangible Assets, are now available.... Read more
1 Sep. 2009
The AASB website now has a section written in simplified Chinese.
澳大利亚会计准则委员会部分网站现在已有简体中文版本。... Read more
1 Sep. 2009
The AASB has released AASB ED 188 Improvements to IFRSs. Comments are due to the AASB by 30 October 2009 and to the IASB by 24 November 2009.... Read more
14 Aug. 2009
The International Financial Reporting Interpretations Committee (IFRIC) has issued Draft Interpretation D25 Extinguishing Financial Liabilities with Equity Instruments for comment.... Read more
10 Aug. 2009
The submissions to the AASB on ED 177 Derecognition and the AASB submission to the IASB on the IASB Exposure Draft ED/2009/3 Derecognition (proposed amendments to IAS 39 and IFRS 7) are now available.... Read more
10 Aug. 2009
AASB 2009-8 Amendments to Australian Accounting Standards - Group Cash-Settled Share-based Payment Transactions has been released.... Read more
10 Aug. 2009
The AASB submission to IPSASB on the IPSASBs Financial Instrument Exposure Drafts is now available on the website.... Read more
7 Aug. 2009
The AASB has released ED 186 Classification of Rights issues (proposed amendment to AASB 132).... Read more
5 Aug. 2009
The submissions to the AASB on ED 178 Income Tax are now available.... Read more
4 Aug. 2009
The AASB has submitted its comments to the IASB on IASB Exposure Draft ED/2009/2 Income Tax.... Read more
30 Jul. 2009
The approved minutes for the 24-25 June 2009 AASB meeting (No.99) are now available.... Read more
30 Jul. 2009
Standards compiled for the amendments made by AASB 2008-12 have been released.... Read more
28 Jul. 2009
The AASB has released Exposure Draft ED 185 Rate-regulated Activities. Comments are due to the AASB by 9 October 2009 and to the IASB by 20 November 2009.... Read more
24 Jul. 2009
The agenda and agenda papers for the AASB meeting of 29-30 July 2009 are now available.... Read more
21 Jul. 2009
AASB is seeking comments about its exposure draft ED 184 Financial Instruments: Classification and Measurement, which proposes changes that would both improve information and reduce complexity in accounting for financial instruments.... Read more
16 Jul. 2009
The AASB has released Exposure Draft ED 183 Management Commentary. Comments are due to the AASB by 31 December 2009 and to the IASB by 1 March 2010.... Read more
14 Jul. 2009
The IASB is expected to release an exposure draft (ED) – later today Melbourne time – which represents the first phase of the IASB project to replace IAS 39 Financial Instruments: Recognition and Measurement.... Read more
9 Jul. 2009
The AASB has issued AASB 2009-6 and AASB 2009-7, both titled Amendments to Australian Accounting Standards. The standards make editorial amendments to most Australian Accounting Standards and Interpretations, including amendments to reflect changes made to the text of IFRSs by the IASB.... Read more
9 Jul. 2009
The International Accounting Standards Board (IASB) has issued an International Financial Reporting Standard (IFRS) designed for use by small and medium-sized entities (SMEs).... Read more
2 Jul. 2009
The IASB has published a Request for Information, Impairment of Financial Assets: Expected Cash Flow Approach (Expected Loss Model) for comment by 1 September 2009.... Read more
30 Jun. 2009
The AASB invites comment on ITC 21 Request for Comment on IASB Discussion Paper DP/2009/2 Credit Risk in Liability Measurement.... Read more
30 Jun. 2009
The Australian Accounting Standards Board (AASB) and the Financial Reporting Standards Board (FRSB) of the Institute of Chartered Accountants of New Zealand (NZICA) have released a joint Exposure Draft (ED) on reporting income from non-exchange transactions.... Read more
26 Jun. 2009
The AASB has issued the Action Alert for the 99th meeting of the AASB, held 24-25 June 2009.... Read more
25 Jun. 2009
The approved minutes for the 20-21 May 2009 AASB meeting (No.98) are now available.... Read more
23 Jun. 2009
Agenda paper 12.5 AASB 2009-Y Amendments to Australian Accounting Standards is now available.... Read more
23 Jun. 2009
The AASB has submitted its comments to the IASB on Discussion Paper Preliminary Views on Revenue Recognition in Contracts with Customers.... Read more
17 Jun. 2009
The agenda and three agenda papers for the AASB meeting of 24-25 June 2009 are now available.... Read more
15 Jun. 2009
AASB has issued a restructured version of AASB 1, now titled First-time Adoption of Australian Accounting Standards. The standard applies to annual reporting periods beginning on or after 1 Jul 2009.... Read more
15 Jun. 2009
The updated Agenda, for the 24-25 June 2009 AASB Meeting, is now available.... Read more
12 Jun. 2009
The AASB has issued 2009-4 Amendments to Australian Accounting Standards arising from the Annual Improvements Project and 2009-5 Further Amendments to Australian Accounting Standards arising from the Annual Improvements Project.... Read more
11 Jun. 2009
Submissions to the AASB on ED 174 Amendments to AASB Standards to facilitate GAAP/GFS Harmonisation for Entities within the General Government Sector.... Read more
5 Jun. 2009
The AASB has released Exposure Draft ED 182 Prepayments of a Minimum Funding
Requirement [AASB Interpretation 14] for comment by 13 July 2009.... Read more
2 Jun. 2009
The AASB has released Exposure Draft ED 181 Fair Value Measurement, which incorporates IASB Exposure Draft ED/2009/5 Fair Value Measurement. Comments are requested by 28 August 2009.... Read more
26 May. 2009
The AASB has issued the Action Alert for the 98th meeting of the AASB, held 20-21 May 2009.... Read more
26 May. 2009
The approved minutes for the 22 April 2009 AASB meeting (no.97) are now available.... Read more
22 May. 2009
The IFRIC is seeking comment on a tentative agenda decision regarding the meaning of 'significant or prolonged' in IAS 39 Financial Instruments: Recognition and Measurement.... Read more
20 May. 2009
The way superannuation plans and approved deposit funds (ADFs) report financial results may change, as the result of proposals in ED 179 Superannuation Plans and Approved Deposit Funds.... Read more
13 May. 2009
The Agenda, for the 20-21 May 2009 AASB Meeting, is now available.... Read more
12 May. 2009
The Agenda for the 20 May 2009 AASB Consultative Meeting is now available.... Read more
1 May. 2009
The AASB submission to the IASB in relation to ITC 19 Request to Comment on IASB Discussion Paper Preliminary Views on Financial Statement Presentation is now available.... Read more
29 Apr. 2009
The AASB has issued AASB 2009-1 Amendments to Australian Accounting Standards – Borrowing Costs of Not-for-Profit Public Sector Entities, AASB 2009-2 Amendments to Australian Accounting Standards – Improving Disclosures about Financial Instruments and AASB 2009-3 Amendments to Australian Accounting Standards – Embedded Derivatives.... Read more
9 Apr. 2009
The AASB has released Exposure Draft ED 177
The AASB has released Exposure Draft ED 177 Derecognition (Proposed Amendments to AASB 139 and AASB 7), which incorporates IASB Exposure Draft ED/2009/3 Derecognition (Proposed Amendments to IAS 39 and IFRS 7). Comments are requested by 3 July 2009.
9 Apr. 2009
The AASB has released Exposure Draft ED 178 Income Tax. Comments are due to the AASB by 19 June 2009 and to the IASB by 31 July 2009.... Read more
8 Apr. 2009
The AASB staff have prepared a draft Illustrative Example as a Supplement to Exposure Draft ED 174 Amendments to Australian Accounting Standards to facilitate GAAP/GFS Harmonisation for Entities within the GGS [AASBs 101, 107 and 1052].... Read more
3 Apr. 2009
AASB invites comment on ITC 20 Request for Comment on IASB Discussion Paper DP/2009/1 Leases – Preliminary Views.... Read more
2 Apr. 2009
The AASB has made a submission to the IASB, on Exposure Draft ED 10 Consolidated Financial Statements... Read more
1 Apr. 2009
A minor amendment has been made to paragraph 12 of ED 174 Amendments to Australian Accounting Standards to facilitate GAAP/GFS Harmonisation for Entities within the GGS [AASBs 101, 107 and 1052]... Read more
18 Mar. 2009
The AASB submission to the International Accounting Standards Committee Foundation (IASCF) on its Discussion Paper Review of the Constitution - Identifying Issues for Part 2 of the Review is now available.... Read more
16 Mar. 2009
The AASB submission to the NSS Secretariat in relation to AASB 138 DP is now available - Initial Accounting for Internally Generated Intangible Assets.... Read more
6 Mar. 2009
The approved minutes for the 5th February 2009 AASB meeting (no.95) are now available.... Read more
6 Mar. 2009
The Action Alert from the 4-5 March 2009 Board meeting is now available.... Read more
26 Feb. 2009
The agenda and five agenda papers for the AASB meeting of 4-5 March 2009 are now available.... Read more
17 Feb. 2009
The AASB released ED 176 Proposed Amendments to Australian Accounting Standards – Borrowing Costs of Not-for-Profit Public Sector Entities.... Read more
13 Feb. 2009
The AASB invites comment on Proposed Interpretation Australian Superannuation Contributions Tax for Defined Benefit Plans.... Read more
12 Feb. 2009
The AASB is now seeking applicants for the 2010 Graduate Intern Program. Applications close 24 April 2009.... Read more
9 Feb. 2009
The AASB released ED 175 Post-implementation Revisions to AASB Interpretations.... Read more
5 Feb. 2009
The approved minutes from the 17-18 December 2008 AASB meeting (no.94) are now available.... Read more
14 Jan. 2009
The Australian Accounting Standards Board (AASB) has issued Exposure Draft ED 174 Amendments to Australian Accounting Standards to facilitate GAAP/GFS Harmonisation for Entities within the GGS [AASBs 101, 107 and 1052]... Read more
9 Jan. 2009
AASB invites comment on ITC 19 Request for Comment on IASB Discussion Paper Preliminary Views on Financial Statement Presentation.... Read more