30 June financial reporting and auditing considerations

Every reporting period has its own unique challenges, ranging from new accounting standards to the regulatory focus of ASIC and the ACNC. As the 30 June reporting season approaches, it is timely to identify developments and assess their effects. In short, we will answer the question, What new issues do I need to attend to for this balance date? The session will focus on:

Accounting standards operative for 30 June
Sharping disclosures of AASBs 15, 9, 16 and 17 disclosures of issued but not yet operative standards, and income tax
Learn lessons from ASIC-inspired corporate restatement
Auditing developments and issues.
Address ASIC targets and the results of its latest surveillance program, and

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This session is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.

Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).