Financial Statement Disclosures - AASB
At its meeting on October 14, 2015, the AASB discussed the effective date of the revisions to various CASs addressing disclosures in the audit of financial statements that were approved at its September 2015 meeting. The AASB tentatively agreed that the effective date should be consistent with the effective date of the new auditor reporting standards and revised CAS 720, The Auditor’s Responsibilities Relating to Other Information, which will be set once those standards are approved. The AASB has proposed that the effective date for those standards would be for audits of financial statements for periods ending on or after December 15, 2017.
Review the executive summary on the AASB's Web site.