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Aug 04, 2021 / News

Financial Reporting Developments - Winter 2021

At this time of year, a young accountant’s thoughts turn to the excitement of year end and the joys of having the auditors come round for their annual tea and biscuits. Well, maybe we're being optimistic – or delusional. Either way, at this time of year attention turns to preparing for annual reporting. Read more

Audit and Assurance / Financial Reporting


Jul 26, 2021 / News

Accounting Update | Simplified Disclosures Tier 2 Financial Reports

From 1 July 2021, the Tier 2 Reduced Disclosure Regime is replaced by a new Simplified Disclosures Standard. This publication compares the two disclosure standards and explores how transition choices affect the disclosures. Read more

Audit and Assurance


May 25, 2021 / News

Accounting Update | Mandatory registration for Directors

Director Identification Numbers are planned for the end of 2021. Will you be affected? Read more

Audit and Assurance


Nov 06, 2020 / News

Payment Times Reporting Obligations

The Payment Times Reporting Act 2020 (the Act) introduces a new requirement for large businesses and large government enterprises with an annual total income over $100 million to publicly report on their payment terms and practices for their small business suppliers. Read more

Audit and Assurance / Business Consulting


Aug 24, 2020 / News

Financial Reporting Developments

Another financial year has ended. This time last year, no one could have anticipated that within the year we would be dealing with a health and economic crisis that has devastated so many Australians. Read more

Audit and Assurance / Financial Reporting


Jul 14, 2020 / News

Companies shouldn’t be tempted to disclose EBITDAC(ovid)

The COVID-19 pandemic has had a significant effect on many businesses and some have been wondering whether they can highlight the impact of COVID-19 and report Earnings Before Interest Tax Depreciation Amortisation and COVID-19, or EBITDAC? Read more

Audit and Assurance / Business Consulting / COVID-19


May 29, 2020 / News

Extension of ASIC reporting deadlines for 30 June 2020

In response to business disruptions caused by COVID-19, the Australian Securities and Investments Commission (ASIC) has announced a one month extension of the reporting deadlines for companies to lodge their audited financial reports under Chapters 2M and 7 of the Corporations Act 2001. The extension applies to both listed and unlisted companies with a balance date up to and including 7 July 2020. Read more

Audit and Assurance / COVID-19 / Financial Reporting


May 18, 2020 / News

IASB revises treatment of COVID-19-related rent concessions

The Australian government’s mandatory Code of Conduct for Commercial Leases introduces a range of rent concessions for lessees, including rent reductions and rent deferrals. Read more

Audit and Assurance / COVID-19 / Financial Reporting


May 07, 2020 / News

Financial Reporting Developments

The AASB has been very active during the past two months, issuing a number of new requirements. Nexia Australia Technical Director Martin Olde highlights some of the key changes as well as financial reporting considerations relating to COVID-19. Read more

Audit and Assurance / COVID-19 / Financial Reporting


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