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Guidance on transition to Australian 'equivalents' of IFRS

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13 Jun 2003

The Australian Accounting Standards Board has agreed to issue an interpretation to explain the hierarchy of pronouncements in Australian GAAP.

The AASB is planning to adopt Australian 'equivalents' of international standards that will be mandatory effective 1 January 2005. The AASB hopes to issue its revised standards by 31 March 2004. They have already exposed IAS 7, IAS 23, IAS 29, IAS 30 and IAS 41 for comment. Click for AASB Media Release (PDF 114k).

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.