Thursday 13 May 2021


2:30 pm


1.5 CPD Hours

Session Topic

Refreshing our knowledge of AASB 138 Intangibles

Expenditures eligible for capitalisation can be a quandary for accountants and auditors.  It is also a topic of ASIC scrutiny.  Don’t forget that revised auditing standard ASA 540 Auditing Accounting Estimates and Related Disclosures applies.

The session will:

  • Examine the rules for intangible-asset recognition and disclosure
  • Look at useful life and impairment determinations
  • Discuss current issues such as renewable-energy certificates and cryptocurrencies
  • Discuss examples of disclosures, and
  • Identify the key points of ASA 540 Auditing Accounting Estimates and Related Disclosures.
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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.


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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).