The Next Clarity Instalment
The AUASB has issued the next six exposure drafts in Clarity format (that makes 10 of the total of 41 pronouncements to be exposed as part of the Clarity project). Again, the exposure period is 30 days (comments due by 15 October 2008), so if you have any comments please send them to us in the next few weeks: professionalstandards@cpaaustralia.com.au .
Remember, the new revised and redrafted standards will become operative on 1 January 2010.