Are you prepared for the new reporting standards coming into effect next year? Fundamental changes to the statutory financial reporting and audit requirements for for-profit entities are expected to be effective from 1 July 2013. The new reporting framework also provides a clearer picture of the “simple format reporting” for Not for Profit entities.
We take an active interest in monitoring proposed changes to legislation, accounting standards and auditing standards to ensure that they are reasonable and achieve what they were designed to do.
The 2013 edition of the IFRS top 20 tracker continues to take management through the top 20 disclosure and accounting issues.
A global insight into developments in International Financial Reporting Standards (IFRS), which are consistent with New Zealand equivalents of IFRS (NZ IFRS).