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What Tier 2 reporters need to know about the AASB 1060 Exposure Draft

10/08/2026

The Australian Accounting Standards Board (AASB) has issued Exposure Draft ED 341, proposing amendments to AASB 1060 that would more closely align the presentation of Tier 2 financial statements with those in AASB 18. The proposals are particularly relevant for entities preparing Tier 2 general purpose financial statements, including subsidiaries of Tier 1 groups. While […]

AASB 18: Key changes in presentation of profit & loss of listed entities

31/10/2024

The introduction of a new accounting standard, AASB 18, represents a major change for financial reporting, particularly in the profit and loss statement for listed companies and Tier 1 reporters. AASB 18 Presentation and Disclosure in Financial Statements has been introduced to enhance the presentation of financial statement as well as for transparency and comparability […]