Disclosing the impacts of A-IFRSs
14 Mar 2005
Deloitte (Australia) has published a new 35-page guide to assist clients, partners, and staff in preparing the disclosures required by AASB 1047 Disclosing the Impacts of Adopting Australian Equivalents to International Financial Reporting Standards for reporting periods ending on or after 30 June 2005. The guide provides illustrative examples of some of the possible approaches to disclosing the impacts of adopting A-IFRSs in financial reports.
Entities should, of course, adopt an approach that is most appropriate to their circumstances and that provides sufficient detail to allow users to understand the significant impacts on the financial statements. Click to download (PDF 657k).