New amending standard AASB 2008-9 Amendments to AASB 1049 for Consistency with AASB 101
The Australian Accounting Standards Board (AASB) has issued AASB 2008-9 Amendments to AASB 1049 for Consistency with AASB 101. The requirements of AASB 2008-9 are applicable from 1 January 2009, with early adoption permitted. The objective is to make amendments to AASB 1049 Whole of government and general government sector financial reporting (October 2007) and the accompanying Illustrative Examples, as a result of the issue of a revised AASB 101 Presentation of financial statements in September 2007.