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The introduction of Australian Sustainability and Reporting Standards (ASRS) marks a significant shift in how businesses in Australia approach climate risk and sustainability, with mandatory requirements for specific companies having come into effect on 1st January 2025. What is ASRS reporting? The ASRS reporting framework, introduced by the Australian government,...
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During the second half of the 2019 calendar year, the ASX released a consultation paper on proposed changes which it has received and reviewed responses to. As of 1 December 2019, the majority of these changes will come into effect. Below is an overview of two common aspects that our...
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The new accounting standards for Revenue (AASB 15) and Financial Instruments (AASB 9) have now come into operation for years commencing after 1 January 2018. This not only effects the annual report but for disclosing entities, this will also impact the half year interim reports. Most articles have discussed in...