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AASB ED 295 & ED 297: Not-for-profit Roundtable, Brisbane

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CPA Australia, Brisbane

Level 29, 10 Eagle Street

Brisbane, QLD 4000

Australia

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Australian Accounting Standards Board Roundtable: Have Your Say on ED 295

About this Event

The Australian Accounting Standards Board (AASB) is running a series of roundtables in regards to ED 295 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-profit Tier 2 Entities, and to update not-for-profit entities about recent accounting developments relevant to the sector.

Background: What is this ED proposing?

ED 295 proposes a new, separate disclosure standard (the Simplified Disclosure Standard) that would apply to all Tier 2 entities, including not-for-profit private sector entities and public sector entities (for-profit and not-for-profit, other than the Australian Government State, Territory, and Local Government). The AASB is proposing a new set of principles and methodology to be used in determining Tier 2 disclosures that are necessary for meeting user needs and that are based on the IFRS for SMEs Standard, to replace the current Australian Accounting Standards - Reduced Disclosure Requirements (RDR) framework.

This session will also provide a brief update about ED 297, which is proposing to remove the ability of for-profit large proprietary, unlisted public (other than companies limited by guarantee) and small foreign-controlled companies to publicly lodge special purpose financial statements (SPFS) with the Australian Securities and Investments Commission (ASIC).

The proposals will improve the consistency, comparability, transparency and enforceability of publicly lodged financial statements and better meet the needs of the users that are accessing them.

Your feedback during these roundtables is very important to us, and we look forward to hearing your contributions on the day.

Spaces are limited so be sure to book now.

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Date and Time

Location

CPA Australia, Brisbane

Level 29, 10 Eagle Street

Brisbane, QLD 4000

Australia

View Map

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