From 1 January, three interrelated developments require preparers and auditors to rethink their understanding of the role of GPFSs. They are the revised conceptual framework for financial reporting, a revised materiality definition, and revised rules for accounting policies. This session will describe these changes and how they affect the preparation and audit of GPFSs.
Session Topic
Rethinking general-purpose financial statements
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.