Australian FRC releases position statement on external reporting
20 Aug 2018
In response to increasing demand from investors and other stakeholders for more than just financial statements, the Financial Reporting Council (FRC), responsible for overseeing the effectiveness of the financial reporting framework in Australia, has released a position statement on external reporting.
The statement sets out the need for a holistic approach to respond to increasing demand for disclosure of non-financial information, and notes that both financial and non-financial information should be subject to the same or similar frameworks and overarching principles. It also notes international take up of external reporting initiatives in a number of jurisdictions and at the IASB.
Please click to access the position statement on the website of the Australian government.
