AASB standard-setting frameworks finalised

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09 May 2018

The Australian Accounting Standards Board (AASB) has finalised its standard-setting frameworks for both for-profit and not-for-profit entities.

The frameworks set out how the AASB uses IFRSs as a base to develop, issue and maintain Australian Accounting Standards; and to help identify when the AASB should undertake a project to modify IFRS and the form and extent of such modifications.

The two new frameworks can be accessed on the AASB website:

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