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Board-level overview of Australian equivalents to IFRSs

  • A-IFRS Image

29 Jul 2004

Deloitte (Australia) has today released a new Discussion Paper: An Overview of Australian Equivalents to IFRS – A Guide for Boards and Audit Committees.

With the final versions of the Australian equivalents to International Financial Reporting Standards (A-IFRSs) having been issued by the Australian Accounting Standards Board last week, this publication is designed to assist boards and audit committees to quickly come to terms with the requirements of A-IFRSs and their immediate impacts on current financial reporting. The guide also includes a number of key questions that boards and audit committees can use to assess preparedness for the transition to A-IFRSs, as well as examples of the narrative disclosures that might be appropriate for disclosing the impact of adopting A-IFRSs. Click to (PDF 4,021k*). Because A-IFRSs are virtually identical to IFRSs, this publication is likely to be useful globally, not just in Australia. *Because of the large file size, a white screen may appear for a while when downloading.

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