ASIC announces financial reporting changes for AFS licensees

Following changes to the accounting standards, ASIC has given long-awaited clarity to Australian financial services (AFS) licensees, announcing new financial reporting requirements. This announcement on Friday 3 June effectively removes annual special purpose financial statements as an option for AFSL holders. Under the new reporting requirements, many AFS licensees’ annual financial reports must be prepared […]

全中文税务与财务更新讲座 | Mandarin Tax and Accounting update

在我们近期的全中文财税更新讲座上,本所专家团队解读了近期主要财税变化,以及这些变化为企业与个人带来的影响与机遇。 At our recent Mandarin Tax and Accounting update, our team of experts discussed the recent key accounting and tax changes, the impact and opportunities that these changes would bring to individuals and businesses. 重点税务与财务事宜更新总汇 | Summary of key tax & accounting matters  澳大利亚税务局最新税收裁定与指导意见 Recent Key Taxpayer Alerts & Guidance 近期重大税务案件回顾 Recap of key cases 转让定价最新消息 […]

NFP Special Purpose Financial Statements

Not-for-profit entities are required to disclose how they do not comply with the recognition and measurement requirements of the Australian Accounting Standards Introduction Whilst the removal of Special Purpose Financial Statements (SPFS) has yet to impact Not-for-Profit entities (NFPs), the AASB has introduced AASB 2019-4. NFPs preparing SPFS from 30 June 2020 must now disclose […]