The Australian Securities and Investment Commission (ASIC) has released Frequently Asked Questions (FAQ’s) relating to financial reporting and audit for companies incorporated under the Corporations Act 2001. The FAQ’s cover a wide range of topics for management and the Board to consider when preparing financial reporting. Please consider this document and any updates thereto in advance of financial report preparation and distribute to the directors and audit committee members (where applicable) as part of good governance.
If the Corporations Act does not apply to your entity, please have regard to the questions in this document as some of them apply equally to all entities preparing financial reporting.
Please click on the image below to view and download the pdf.
Contact your TNR Partner or Manager if you have questions relating to financial reporting or auditing.
The TNR team
Important: The information contained in this post / article is not advice. Readers should not act solely on the basis of material contained in this post. Items herein are general comments only and do not constitute or convey advice per se. We recommend that our formal advice be sought before acting on anything contained in this post.