AASB issues updated AASBs 119 Employee Benefits and 134 Interim Financial Reporting
The Australian Accounting Standards Board has updated the compiled versions of AASBs 119 Employee Benefits and 134 Interim Financial Reporting to reflect minor editorial corrections. The corrections to AASB 119 are the amendment of the Contents to show the titles of sections A, B and C of the Implementation Guidance. The corrections to AASB 134 amend the Contents to correctly show paragraph 16A 'Other Disclosures', a minor change to the first row in the Table of Amendments to Illustrative Examples, and corrected the heading level of 'Other Disclosures' and moved it before paragraph 16.
The updated compiled standards will be available shortly under announcements.
APESB issues Professional Standards
The APESB has issued a revised APES 110 Code of Ethics for Professional Accountants and APES 310 Dealing with Client Monies to replace the existing APS 10 Trust Accounts and GN 3 Operation of Trust Accounts
ASIC review of 30 June financial reports and focuses for 31 December 2010
On 22 December 2010, ASIC released the results of its reviews of financial reports for the year ended 30 June 2010 and highlighted areas of focus for entities preparing their 31 Decmeber 2010 financial reports.
Accounting standards update
The Australian Accounting Standards Board releases amended standards and interpretations
AUASB issues 11th International Update
Recent news and activities for a number of important international standard-setting and professional bodies.
Highlights of September Board meeting
The AUASB has issued the highlights of its September Board meeting.
AUASB issues 10th International Update
Recent news and activities for a number of important international standard-setting and professional bodies.