Setting the standards

Article Abstract:

Issues are presented concerning the accounting and audit standards in Australia. The standards for financial reporting, audit and international companies and the Urgent Issues Group and legislative reforms are discussed.

Accounting

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Setting the standards

Article Abstract:

Regulations on the reporting of contingent liabilities and debates on the transfer of assets between government agencies are discussed. New standards set by the Australian Accounting Standards Board on financial reporting are explained.

Liabilities (Accounting), Auditing, International Accounting Standards Board, Corporation reports, Company reports

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Financial reporting - update for 1998/99

Article Abstract:

There are new and improved accounting standards to assist Australian companies to comply with the International Accounting Standards Committee harmonization program. These new standards reflect changes in corporation law. These seven new standards affect borrowing costs, equity accounting, revenue, concise financial reports, inventories and construction contracts.

Australia, Corporations, Accounting firms, Accounting services

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