Meeting Your Financial Reporting and Auditing Needs

2008 Archive

Below is a summary of GAAP Alerts issued. If you would like to do a detailed search of any material on this web site please use our comprehensive search facility.

GAAP Alert No. 10/2008, 15 June 2008, Regulation Hot Spot: Highlights of ASIC Accounting Liaison Meeting, Amendments to Remuneration of Key Management Personnel, AASB June Meeting Agenda, Strengthened Independence Requirements from 1 July 2008, Ethics EDs Prospective Financial Reporting and Conformity with Auditing Standards, ED on Forensic Accounting Services by APESB, APESB Withdraws Superseded Professional Statements, AUASB June Meeting Agenda, Results of ASIC’s Audit Inspection Program, Rio Tinto $100,000 Continuous Disclosure Fine, Reporting to Shareholders by G100, IASB May Meeting Highlights, IASB June Meeting Agenda, IASB Forms Expert Advisory Panel on Financial Instruments Valuation, IOSCO’s Recommendations to Address Subprime Crisis, IOSCO to Expand Review of Audit Services, IPSASB June Meeting Agenda, Financial Reporting of Heritage Assets Update, Jim Dixon’s Recent Experiences

GAAP Alert No. 9/2008, Audit Hot Spot – Impairment, Fair Value and Estimates, AASB May Meeting Highlights, Insights into Forthcoming Report on ASIC Audit Inspections, AUASB June Meeting Agenda, Australian Review of Credit Rating Agencies, APRA Releases Service Charter, Report on Sub-prime Mortgage Crisis by ICAA, IASB Amendments for Determining the Cost of an Investment, IASB First Annual Improvements Project Concluded, Conceptual Framework Due Process Documents Issued by IASB and FASB, Tougher Independence Rules Proposed by IESBA, IFAC Seeks Public Members for IAASB, IFAC Paper on Crucial Role of Professional Accountants in Mid-sized Enterprises, Financial Reporting Supply Chain Report by IFAC, Sustainability Reporting Guide Released by G100, GAAP Training Insights, NIA Accounting and Auditing Seminar (Perth)

GAAP Alert No. 8/2008, AASB May Meeting Agenda, APESB May Meeting Highlights, ASIC Financial Reporting and Auditing Targets for 30 June 2008, APRA Research on Superannuation Fund Governance, IASB May Meeting Agenda, IFRIC May Meeting Highlights, Review of the IPSASB, IASB Trustees Constitution Proposals

GAAP Alert No. 7/2008, ED 162 Related Party Amendments, ITC 16 Service Concession Arrangements Released by AASB, Sub-Sahara Pays $33,000 Continuous Disclosure Fine, ASIC Reports on Better Disclosure in Unlisted Unrated Debentures, CALDB Cancels QLD Auditor’s Registration, FRC February Meeting Highlights, IASB April Meeting Highlights, IFRIC May Meeting Agenda, Enhanced GAAP Resources, In-house Financial Reporting and Auditing Courses for 30 June 2008, Colin’s Corner

GAAP Alert No. 6/2008 Hot Topic: 23 Action Items for Financial Instruments Disclosure, Highlights of AASB April Meeting, AASB Releases IASB Discussion Paper of Employee Benefits, AASB Releases IPSASB Papers on Social Benefits, AUASB April Agenda, ASIC Wholly-owned Entities Class Order, ASIC Disclosing Entities Class Order, ICAA Revises its QA Review Retention Policy, IPSASB March Meeting Highlights, Looking for a Lifestyle and a Career?, Outstanding Exposure Drafts

GAAP Alert No. 5/2008 Revised AASB 3 ‘Business Combinations’ Released by AASB, Garnaut Releases Model for Emissions Trading Scheme, Revisions to AASB 2 ‘Share-based Payment’, Financial Instruments Discussion Paper Released by IASB and AASB, Financial Instruments with Characteristics of Equity Discussion Paper Released by AASB, Compiled Interpretations 1 and 12 Released, IASB March Meeting Highlights, IFRIC March Meeting Highlights, Outstanding Exposure Drafts

GAAP Alert No. 4/2008 AASB March Meeting Highlights, Infringement Notice Fine for Listed Entity, APRA and ASIC Release New Online Breach Reporting System, IASB Discussion Paper on Financial Instruments with Characteristics of Equity, IASB March Meeting Agenda, IFAC Survey on Performance Measurement in the Public Sector, Report on Improvements to Financial Reporting Supply Chain by IFAC

GAAP Alert No. 3/2008 D23 Distributions of Non-cash Assets to Owners Released by AASB, D24 Customer Contributions Released by AASB, AASB March Meeting Agenda, NFP Definition and Guidance AASB Roundtable, APESB February Meeting Highlights, Auditor Independence Report Released by FRC, Ethics in Accounting Firms Report Released by FRC, AUASB February Meeting Highlights, AASB and AUASB Appointments, New Competency Standards for Auditors of SMSFs, CFO Jailed, Disclosure Guidance for Listed Entities, IASB February Meeting Highlights, IASB Discussion Paper on Financial Instruments with Characteristics of Equity, IASB’s Fair Value Measurement Progress, IFRIC March Meeting Agenda, Colin’s Corner January – February, Outstanding Exposure Drafts

GAAP Alert No. 2/2008 AASB February Meeting Highlights, APESB February Agenda, Charges against former HIH Chairman, Basel II Reporting Requirements Released by APRA, Financial Instruments Amendments by IASB, IASB February Agenda, Employee Benefit and Impairment Standards Released by IPSASB, Amendments to Review Engagements Standards by IAASB, New Auditing Standard on Accounting Estimates and Fair Values issued by IAASB, GAAP and GAAS Seminar – Updates, Insights and Tools for 30 June 2008, GAAP Website Relaunched, Outstanding Exposure Drafts

GAAP Alert No. 1/2008 Welcome to the New Look GAAP Alert, ED 161 ‘Share-based Payment’ Released by AASB, AASB February Agenda, Revised Business Combinations and Consolidation Standards by IASB, ‘Share-based Payment’ Amendment by IASB, D23 ‘Distributions of Non-cash Assets to Owners’ Proposals by IFRIC, D24 ‘Customer Contributions’ Proposals by IFRIC, IASB January Meeting Highlights, IFRIC January Meeting Highlights, FASB Accounting Standards Codification™, Final International Clarity EDs Issued by IAASB, Outstanding Exposure Drafts

2007 Archive

GAAP Alert No .24/2007 Hot topic: Accounting Standards and Interpretations for 31 December 2007, AASB interpretation ‘Australian petroleum resource rent tax’, Dividend imputation – proposed rejection statement, Ed 157 ‘joint arrangements’ – analysed, AASB December meeting agenda, IASB November meeting highlights, IASB December meeting agenda, AUASB December meeting agenda, APESB November meeting highlights, APRA releases new prudential standard, Outstanding exposure drafts

GAAP Alert No. 23/2007 Hot topic: AASB 7 ‘Financial instruments: Disclosure’, AASB November meeting, highlights, IFRIC November meeting highlights, AUASB October meeting highlights, APESB November agenda, Further sentencing of HIH former CFO, US GAAP reconciliation gone!, International auditing chairman sought, Recent e-GAAP update newsletters!, Outstanding exposure drafts

GAAP Alert No. 22/2007 ‘Task looking forward’ seminar, AASB 7 ‘financial instruments’ for 31 December 2007, Ed 158 proposed changes to hedging, Ed 159 proposes changes to 27 AASBs!, Further compiled standards, IFRIC November meeting agenda, Australian auditing standards in clarity format by 2010, ICAA quality review report for 30 June 2007, Melbourne auditor ‘requests’ cancellation of registration, Auditing checklists for 31 December reporting dates, Australian government recognises accounting professional standards schemes, APES 220 Taxation Services’ released, ASIC guidance on expert reports, ASIC's better disclosure for unlisted and unrated debentures, Hall Chadwick creates new formidable force, Colin’s corner Sept–Oct, Outstanding exposure drafts

GAAP Alert No. 21/2007 AASB October meeting highlights, Revised financial statements presentation standard, AASB approves harmonisation of GAAP/GFS, ED 157 joint arrangements released, IASB releases improvements Ed, IASB October meeting agenda, Lucy back as FRC chair, AUASB September meeting highlights, AUASB October agenda, Streamlined breach reporting, IASB extends SMEs comment date, New international auditing standards effective from 15 December 2009, Group audits – new international auditing standard, Two further clarity EDs issued, Auditing international strategy paper, International guidance on ethics and it training, Financial controller/ CFO available, Feedback from keynote presentation, Outstanding exposure drafts

GAAP Alert No. 20/2007 AASB October meeting agenda, IASB September meeting highlights, IFRIC September meeting highlights, AUASB releases ED on Reviews, Mining Chairman guilty of making false statements, ASIC charges directors over an IPO, Taxation of Financial Arrangements (TOFA), Grant Thornton back in WA, Dixon speaks on financial instruments, Outstanding exposure drafts

GAAP Alert No. 19/2007 AASB September meeting highlights, Proposed interpretation Australian petroleum resource rent tax, IASB revised standard on presentation of financial statements, IASB proposes additional guidance on hedge accounting, IASB ED on joint arrangements, IASB September meeting agenda, IPSASB July meeting highlights, IPSASB ED on changes in foreign exchange rates, AUASB September meeting agenda, FRC September meeting highlights, APRA releases Basel ii reporting requirements, APRA proposed approach to supervisory review under Basel ii, APRA releases proposed amendments to governance standards, NIA accounting and auditing essentials update (Hobart), Outstanding exposure drafts

GAAP Alert No. 18/2007 AASB September meeting agenda, IFRIC September meeting agenda, AUASB July meeting highlights, Internal control from a risk-based perspective, Conformity with accounting standards Ed released, Unlisted and unrated debentures ASIC consultation paper, APRA's Basel ii approach to margin lending and rating agencies, Former CFO pleads guilty, Accountants jailed over property development, AUASB chair reappointed, CALDB appointments, Bentley Jennison joins RSMI, Hicks new ICAA head of reporting, Horizon reporting issues, Colin’s corner – July- August, Outstanding exposure drafts

GAAP Alert No. 17/2007 AASB august meeting highlights, Draft interpretation on real estate sales, Draft interpretation on hedges of a net investment in a foreign operation, IASB July meeting highlights, APESB august meeting highlights, Revised corporate governance principles and recommendations, Continuous disclosure fine, APRA response to life insurance amendments, APRA releases Basel ii approach to market risk, APRA disqualifies former Zurich CEO, Nine international auditing EDs released, Outstanding exposure drafts

GAAP Alert No. 16/2007 Auditing standards checklists updated, Auditing standards checklists for SMEs launched, AASB August agenda, AUASB August agenda, Hedges of a net investment in a foreign operation – new proposals, IFRIC July meeting highlights, Corporations amendment re CER, New chairperson for APESB, Public practice improvement seminar , Financial accountant sought by listed miner, Outstanding exposure drafts

GAAP Alert No. 15/2007 McLean Delmo Hall Chadwick invitation to financial reporting and auditing update, NIA invites comment on new financial reporting regime, Real estate sales draft international interpretation, Defined benefit asset interpretation released, Assurance framework, assurance standard and guidance statements released by AUASB, Highlights of July ASIC accounting liaison committee meeting, ASIC arrangements with US PCAOB, ICAA QA program changes, IASB July meeting agenda, IASB July meeting agenda, APRA disqualifies directors of corporate trustee, APRA releases revised Basel ii securisation standard, Comments sought on ethics strategic plan, Revision to international ethics code proposed, Julie Garland McLellan ‘great governance’, GAAP in the press and other developments, Outstanding exposure drafts

GAAP Alert No. 14/2007 AASB June meeting highlights, Simpler Regulatory System Package Passed, IASB June meeting highlights, Customer loyalty programs, IFRIC Interpretation, IASB Outlook – 17 releases within next 6 months

GAAP Alert No. 13/2007 Revised borrowing cost standard released, Ed 156 on public sector financial reporting, Petroleum resource rent tax recommendation, Compiled standards from AASB 2007-4, Simpler regulatory system bill update, FRC June meeting highlights, Corporate governance principles and recommendations in practice, Basel ii implementation guidance in Australia, International guidance for accountants in business, Feedback on SMEs training session, NIA new corporate reporting discussion group – Sydney, Outstanding exposure drafts

GAAP Alert No. 12/2007 Financial reporting by unlisted public companies discussion paper, AASB rejection statements for comment, APRA proposals on market disclosure, Global survey on financial reporting

GAAP Alert No. 11/2007 AASB May meeting highlights, Differential reporting and IASB SMEs ED, ED 155 ‘Whole Of Government’, Insurance contracts discussion paper, Simpler Regulatory Bill, ‘Network Firm’ definition proposed amendment, Terms of engagement ED, AUASB June agenda, Auditing standards checklists

GAAP Alert No. 10/2007 Australian GAAS 2007 ‘Auditing Standards Checklists’, Simpler Regulatory Bill, AASB May meting agenda, AUASB May meeting highlights, IFRIC May meeting highlights, IASB May meeting agenda, Insurance contracts IASB’s preliminary views

GAAP Alert No. 9/2007 AASB April meeting highlights, AUASB April meeting highlights, IASB April meeting highlights, SEC announces next steps relating to IFRS, IFRIC May meeting agenda, Segment storm In Europe, IAASB progress on clarification of auditing standards, New ASIC chairman, Trial for continuous disclosure breach, Former HIH chairman to stand trial on criminal charges, Colin’s corner

GAAP Alert No. 8/2007 ASIC tips on AIFRS, e-GAAP newsletters, Three auditing EDs, AUASB April agenda, ED on contingent fee arrangements for assurance clients, APRA updates reporting rules, Former HIH CFO found guilty on criminal charge, Court Of Appeal findings On GIO CFO, IPSASB March meeting highlights, Training feedback

GAAP Alert No. 7/2007 IASB borrowing costs amendments, AASB 1048 Interpretation And Application Of Standards, ED 154 Amendments To Inventories Standard, ED 153 Amendments To Related Party Disclosures, ED 152 Amendments To AASB 1 Re Cost Of An Investment In A Subsidiary, IASB March meeting highlights, IFRIC March meeting highlights, Accountant and auditor convicted of deceiving APRA, Listed company pays $100,000 ASIC fine, APRA standards on risk management and business continuity, Its BDO Kendalls, WHK Group to become WHK Horwath, McLean Delmo Hall Chadwick merger

GAAP Alert No. 6/2007 AASB March meetings highlights, FRC February and March meetings highlights, AUASB February meeting highlights, AUASB discussion paper on auditing SMEs, Enforceable undertakings an ASIC guide, IASB March meeting agenda, Korea to adopt IFRSs eventually, IPSASB March meeting agenda, Auditing and electronic working papers, Audit training course In early April

GAAP Alert No. 5/2007 Revised segment reporting standard, AASB March meeting agenda, CPA survey on Not-for-profit definition, IASB February meeting highlights, ASICs policy on disclosure In reconstructions, Discussion paper on review of sanctions In Corporate Law, Consultation paper on review of infringement notice provisions, Government review implementation bill, International auditing EDs On related parties and going concern, Employment opportunity: commercial accountant (Melbourne), Colin’s Corner

GAAP Alert No. 4/2007 AASB February meeting highlights, IASB ED IFRS for SMEs, IASB ED related parties amendments, IFRIC due process handbook, FASB standard on fair value option, AUASB February agenda, ASIC commences proceedings against James Hardy directors and executives, ASIC releases support material for relief applications, APRA and AUSTRAC sign MOU, ICAA thought leadership paper on NFP reporting, Financial reporting, audit, and corporate governance training, Employment opportunity: commercial accountant (Melbourne)

GAAP Alert No. 3/2007 AASB February agenda, SMEs ED Imminent, CAMAC to consider Sons Of Gwalia ruling, ASIC auditor rotation policy released, AUASB February agenda, Audit Inspection Bill passed, Center for Audit Quality formed In USA, Former director of Sydney Power Company jailed

GAAP Alert No .2/2007 IFRS 8 ‘Operating Segments’ released by IASB, Proposed amendments to IFRS 1, 11 revised international public sector standards, Highlights from November AUASB meeting, APRA disqualification of superannuation trustee and auditor upheld, ASIC action against directors of listed miner, IASB, January meeting highlights, IFRIC January meeting highlights, International standards conference: Singapore, IASB members sought, IFRS members sought, Practitioners ‘Good To Great’ seminar

GAAP Alert No. 1/2007 Ed 151 Australian additions to and deletions from IFRS extended, IFRIC agenda For January meeting, Heritage assets UK proposals, Banker’s report on IFRS from a financial stability perspective, IAASB issues four ‘Clarity’ auditing standards, IASB/FASB conceptual framework – measurement, IPSASB standards on public sector budget disclosures, IFAC proposals on practical experience, FRC seeks ethics consultancy, APRA disqualifies insurance executive, Tailored training courses

2006 Archive

GAAP Alert No. 44/2006 Interim Reporting Standard Amended, AASB 1048 ‘Interpretation And Application Of Standards’ Revised, IASB December Meeting Highlights, Audit Quality Review Board Update, Five Clarity Auditing EDs And Enhanced Written Representations Proposed, International Auditor Independence Proposals, Corporate And Financial Services Regulation, Review Proposals Extension, Interim Government Response To Social Responsibility Report, Harris Scarfe’s Chairman’s Prosecution Dropped, Outstanding Exposure Drafts

GAAP Alert No. 43/2006 AASB December Meeting Highlights, Fair Value Measurement Proposals – Australian Context, December FRC Decisions, Social Responsibility of Corporations Report Released, Another Continuous Disclosure Fine, Continuous Disclosure Breach Results In Significant Enforceable Undertaking, Suitability Of SMC Accounting Standard To Micro-Entities, Disclosure Of Financial Information About General Government Sector – New International Standard, Reporting Revenue From Non-Exchange Transactions – New International Standard, Audit Training Feedback, A Reflection On 2006, Outstanding Exposure Drafts

GAAP Alert No. 42/2006 Removing The Last Of The Australian Differences From IFRS, New Segment Reporting Standard IFRS 8, Service Concession Arrangement IFRIC 12, Fair Value Measurements Discussion Paper, IPSASB ED On Disclosure Of External Assistance, FAI Financial Controller Jailed, Business Combinations Within The Accounting Profession, Outstanding Exposure Drafts

GAAP Alert No. 41/2007 IAASB November Meeting Highlights, IFRIC November Meeting Highlights, AUASB November Agenda, Three ‘Clarified’ International Auditing Standards Proposed, Outstanding Exposure Drafts

GAAP Alert No. 40/2007 Corporate And Financial Services Regulation Review Proposals, e-GAAP Update ‘AASB 101 Amendments’ Analysed, Comparative Review Of Australian Auditor Independence Requirements, Highlights Of Trans-Tasman Accounting Standards Advisory Group, ASIC Update Of Better Regulation Initiatives, APRA Proposal On Securisations, International Firms On Financial Reporting And Audit, International Guide On Corporate Governance, Outstanding Exposure Drafts

GAAP Alert No. 39/2006 AASB November Meeting Highlights, IASB November Agenda, ASIC Report On Auditors, ICAA Quality Control Guide, FRC Guidelines On Broad Strategic Directions, Proposals For Code Of Conduct, Opportunity 1: Measurement Roundtable Discussions, Opportunity 2: Developing A Quality Control Guide, Opportunity 3: Provisions Roundtable Discussions, Outstanding Exposure Drafts

GAAP Alert No. 38/2006 Service Concession Arrangements – Proposed Interpretation, IFRIC Interpretation On Group And Treasury Share Transactions, Review Of ASX Corporate Governance Principles, AUASB October Meeting Highlights, FRC Report On Auditor Independence, Sixth Guilty Plea In HIH Saga, CFO Disqualified By APRA, Company Director Guilty Of Non-Disclosure, Opportunity 1: Financial Reporting & Audit Advice For 2007, Opportunity 2: Round Tables On SMEs Financial Reporting, Outstanding Exposure Drafts

GAAP Alert No. 37/2006 Revised AASB 101 ‘Presentation Of Financial Statements, Corporate Governance Review Of Listed Trusts, AASB And Consultative Group November Agendas, IFRIC November Agenda, Impairment Public Sector ED Released, Employee Benefits Public Sector ED Released, Opportunity 1: ASIC Summer School, Opportunity 2: Practice Improvement Network Meeting At Mt. Buffalo, Outstanding Exposure Drafts

GAAP Alert No. 36/2006 Deloittes Raids 2nd Tier Again, IPSASB November Meeting Agenda, IAASB October Agenda, Audit Inspection Bill Introduced, Audit Guidance On Prudential Reporting For General Insurers, Opportunity 1: Annual Report Roundtable, Outstanding Exposure Drafts

GAAP Alert No. 35/2006 IASB October Meeting Agenda, New FASB Standard On Pensions, Opportunity 1: IASB Seeks Help On Employee Benefits Project, Outstanding Exposure Drafts

GAAP Alert No. 34/2006 AASB October Meeting Highlights, IFRIC September Meeting Highlights, FRC September Meeting Highlights, AUASB October Agenda, ASIC Reports On Disclosures By Small And Mid-Cap Miners, New APRA Rules On Outsourcing, Opportunity 1: Membership Of The AASB And AUASB, Opportunity 2: Practice Improvement Network Meeting At Mt. Buffalo, Outstanding Exposure Drafts

GAAP Alert No. 33/2006 AASB October Meeting Agenda, FASB Releases Fair Value Measurement Standard, NZ Not-For-Profit Reporting Guide Released, CAMAC Report On Personal Liability For Personal Fault, APRA Changes To General Insurance Prudential Standards, Opportunity 1: Forum On Auditor Independence, Opportunity 2: Roundtable And Think Tanks On NFP Reporting, Outstanding Exposure Drafts

GAAP Alert No. 32/2006 Three e-GAAP Updates Issued, Corporations Amendment (NZ CER) Bill 2006, Better Co-Operation In Banking Supervision With NZ, AUASB September Meeting Highlights, AUASB Work Plan, ASIC Revised Relief Policy Statement, Continuous Disclosure Charge, Court Orders Wind Up Of Listed Company, Reminder: G100 Congress, Outstanding Exposure Drafts

GAAP Alert No. 31/2006 AASB September Meeting Highlights, Draft Interpretation On Customer Loyalty Programs, HIH Company Secretary Charged, Auditor Registration Cancelled, ASIC Developing Policy On Buy-Backs, How To Review An Annual Report, IASB September Agenda, ICAA Audit Thought Leadership, ICAA Thought Leadership Continues, International Ethics ED, Sustainable Development Papers Released, Reminder: G100 Congress, Outstanding Exposure Drafts

GAAP Alert No. 30/2006 Conceptual Framework Roundtables, Corporations Law ‘Red Tape’ Update, Proposed IFRIC Interpretation On Asset Ceiling In IAS 19, IFRIC September Meeting Agenda, ASIC Acts On Misleading Statement To The ASX, CEO Convicted On Accounting Issues, Auditor Suspended And Another Reprimanded, AUASB July Meeting Highlights, AUASB Guidance Note On Remuneration Disclosures, AUASB September Meeting Agenda, Internal Control Current Developments, Outstanding Exposure Drafts

GAAP Alert No. 29/2006 Trans-Tasman Financial Reporting Initiatives, World Standard-Setters Meeting, HIH CFO To Stand Trial, Superfund Accountant Disqualified, Corporations Amendment Regulation 2006, Audit Transparency Reports, Research Into The Audit Report, Opportunity I: Practice Improvement Seminar, Opportunity 2: G100 Congress, Opportunity 3: Free Seminar On Budgeting And Forecasting, Outstanding Exposure Drafts

GAAP Alert No. 28/2006 Severe Penalties For Former GIO Directors, International Public Sector Update, Three International Auditing Standards On The Way, Compliance With International Auditing Standards, Revised Definition Of Network Firm, Convergence Statement On Auditing Standards, ICAA Differential Standards Report, Forthcoming Audit Guide For SMEs, Forum Of Firms Update, SME Business Planning Guide, Outstanding Exposure Drafts

GAAP Alert No. 27/2006 IASB Standards Respite Until 2009, Standards Support Material Now Freely Available, AASB Invitation To Comment On The Conceptual Framework, $500,000 Continuous Disclosure Fine, Company Secretary Charged With Misleading Auditor, Further HIH Charges, ASIC Report On Relief Decisions, IASB July Meeting Highlights, IASB Review Of Standards On Leases, Employee Benefits And Related Parties, Outstanding Exposure Drafts

GAAP Alert No. 26/2006 Public Sector Financial Reporting Round Table, Major Review Of AAS 25 ‘Financial Reporting By Superannuation Plans’, IFRIC Interpretation On Interim Financial Reporting And Impairment, IFRIC July Meeting Key Decisions, Leases International Working Group, Continuous Disclosure Infringement Notice, APRA Enforceable Undertaking, Outstanding Exposure Drafts

GAAP Alert No. 25/2006 Highlights From AASB July Meeting, NFP Implications Of Conceptual Framework, Compiled Accounting Standards, APRA Exemptions For Religious Charitable Development Funds, ASIC On Superannuation Reporting Practices, ASIC Guide For Stakeholders, ASIC Class Order On Registered Scheme Financial Reporting, International Standard On Auditor Competence, IASB July Agenda, Highlights From June AUASB Meeting, Outstanding Exposure Drafts

GAAP Alert No. 24/2006 AASB July Agenda, FASB And IASB Publish Parts Of Conceptual Framework, Ethical Standards Effective 1 July 2006, ADI Prudential Standards Effective 1 July 2006, Financial Reporting Panel Ready For Business, IFRIC July Agenda, Appointment To The AASB, Appointments To IFRIC, Audit Guidance On Registrable Superannuation Entities And Licenses, Force Of Law Auditing Standards Come Into Effect, Report On Corporate Responsibility And Triple-Bottom Line Reporting, Remember To Register As Interpretation Panelist With AASB, Outstanding Exposure Drafts

GAAP Alert No. 23/2006 ED 150 Financial Instruments Puttable At Fair Value, Highlights Of June FRC Meeting, Sector-Neutral Accounting Standards Paper Released, AASB Business Plan 2006-7, ASIC Launches Service Charter, July AUASB Agenda, APRA Guidance On Trustee Liability Insurance, UK Revised Combined Code On Corporate Governance, Australian Risk Management Summit 2006, AIFRS Operational Considerations For 30 June 2006, Outstanding Exposure Drafts

GAAP Alert No. 22/2006 Register As Interpretation Panelist With AASB, New Interpretation Model, Rejected Issue ‘Subscriber Acquisition Costs’, IFRIC July Agenda, IASB Ed On Financial Instruments Puttable At Fair Value, Report On Expanding Duties Of Those Below Board Level, Reminder On Personal Liability For Corporate Fault, Revised Quality Control Standard, Auditing Standards Agenda, ASX Confirms Two-Month Reporting Deadline, Land Under Roads Closure Soon, Outstanding Exposure Drafts

GAAP Alert No. 21/2006 AASB June Decisions, Local Government Model Budget, Superfund Auditor Removed, ASIC On Legally-Backed Auditing Standards, News Roundup On Reactions To New Auditing Standards

GAAP Alert No. 20/2006 ED 149 ‘Borrowing Costs’ Released, ED On Revisions ‘Conformity With Auditing And Assurance Standards’, AASB June Agenda, Vale UIG And Hello AASB Interpretations, APRA Finalises Prudential Approach To AIFRS, Business Planning Guide For SMEs, Continuous Disclosure Changes, Outstanding Exposure Drafts

GAAP Alert No. 19/2006 Effect Of Legally-Backed Auditing Standards Closer Than You Think, Financial Reporting Panel Ready To Go, UIG June Agenda, Understanding Accounting Professional And Ethics Standards Board, ED On Code Of Ethics For Professional Accountants, ASX Report On Corporate Governance Practice Disclosure, Parker On The Public Sector And Financial Instruments, IASB Releases Ed ‘Borrowing Costs’, Last Chance For Business Breakfast Briefing On 30 June Financial Reporting, Outstanding Exposure Drafts

GAAP Alert No. 18/2006 APRA Rules On Governance, AASB Compiled Super Standard, UK Discussion Paper ‘Choice In The UK Audit Market’, Reactions To Legally-Backed Auditing Standards, APRA Disqualifies Two HIH Directors, Proposed General Insurance Reporting Changes, IASB May Agenda, Sarbanes-Oxley And Small Public Companies, UK FRC Plan And Budget For 2006/07, Reminder Invitation To Business Breakfast Briefing With McLean Delmo and Partners

GAAP Alert No. 17/2006 Invitation To Business Breakfast Briefing With McLean Delmo And Partners, Highlights From May Joint Meeting Of AASB And FRSB, Extra Funding Enforcement For ASIC, AASB June Agenda, IFRIC May Agenda, UK Deliberations On Reporting Requirements, Outstanding Exposure Drafts

GAAP Alert No. 16/2006 AUASB Issues 35 Legally Enforceable Auditing Standards, Global Accounting Alliance Formed, International Accounting Standards For Life Insurance Presented To IASB, Related Parties Article, APRA Rules For Friendly Societies, ASIC Outlines Better Regulation Initiatives, IFRIC’s Due Process Handbook For Comment, AASB Compiled Standards, Financial Sustainability Of NSW Local Governments, Outstanding Exposure Drafts

GAAP Alert No. 15/2006 ED 148 Amendments To AASB 101 ‘Presentation Of Financial Statements’, AASB 1048 ‘Interpretation And Application Of Standards’ Updated, Standard Setters Agendas, IASB Due Process Handbook Released, Key International Public Sector Decisions, FRC Audit Independence Consultancies, AASB Establishes Analyst Focus Group, SEC Approves Rules On Ethics, Independence And Tax Services, Outstanding Exposure Drafts

GAAP Alert No. 14/2006 Regulation Review Reports, AASB Recent Releases And Compiled Standards, Proposed ASIC Audit Rotation Policy, Ed On Quality Control Of Firms, ASX Corporate Governance Rules Survey And Review, Trust Account Audit Reminder, Study ‘Competition And Choice In The UK Audit Market’, Report On Principle-Based Standards, Outstanding Exposure Drafts

GAAP Alert No. 13/2006 Highlights Of April AASB Meeting, IASB Best Practice Statement In Working With Other Standard Setters, ASX Corporate Governance Council Survey, ASX Paper On Reporting Deadlines, International Auditing Developments, Outstanding Exposure Drafts

GAAP Alert No. 12/2006 Amending Accounting Standard AASB 2006-2 (AASB 1), Consensus On Reassessment Of Embedded Derivatives, March FRC Decisions, AASB April Agenda, Legal Backed Auditing Standards Update, Outstanding Exposure Drafts

GAAP Alert No. 11/2006 e-GAAP Date ‘Understanding Investments In Associates’, Highlights From February AASB Meeting, FRC Strategy Decisions, AASB Seeks Comments On Heritage Assets, UIG March Agenda, ED 147 ‘Revenue From Non-Exchange Transactions’, ASIC Commences Civil Proceedings On Continuous Disclosure, APRA New Fit And Proper Tests, Agenda For March Meeting Of The IASB, IFRIC Interpretation On Reassessment Of Embedded Derivatives, Seeking Comments On Fair Value Financial Reporting, Proposed Amendments To IAS 1 ‘Presentation Of Financial Statements’, US Paper On Why Government Accounting Is Different, Outstanding Exposure Drafts

GAAP Alert No. 10/2006 e-GAAP Update ‘Understanding Interests In Joint Ventures’, Revised Audit Guidance On Access To Working Papers, Related Party Disclosures Analysed For ICAA, Ed 146 ‘Share-Based Payment – Vesting Conditions And Cancellations’, Compiled Accounting Standards, Updated AASB ‘Public Sector Strategy Paper’, Draft Agenda For March AASB Meeting, FASB And IASB MOU On Convergence, Outstanding Exposure Drafts

GAAP Alert No. 9/2006 e-GAAP Update ‘Superannuation Plan Financial Liability Amendments’, ASIC Class Order Calculation Of Director And Executive Remuneration, Proposed Amendments To AASB 1, Outstanding Exposure Drafts

GAAP Alert No. 8/2006 Releases By The AASB, AASB February Meeting Highlights, UIG February Meeting Highlights, Audit Quality Review Board Established, ASIC's Second Continuous Disclosure Infringement Notice, ASIC Class Order Relief To Foreign Licensees, Outstanding Exposure Drafts

GAAP Alert No. 7/2006 ASIC Releases Draft Guidance On Shorter, Better Prospectuses, UIG February Agenda, IASB January Meeting Highlights, e-GAAP Updates Newsletters Released, Outstanding Exposure Drafts

GAAP Alert No. 6/2006 Agenda For February Meeting Of The AASB, IFRIC Interpretation On Share-Based Payments, IASB Exposure Draft On Proposed Amendments To IFRS 2, Public Sector Ed On ‘Revenue From Non-Exchange Transactions’, Outstanding Exposure Drafts

GAAP Alert No. 5/2006 e-GAAP Update No. 3/2006 ‘Interim Financial Reporting – Revised Standard Analysed’, ASIC Class Orders, IFAC Proposed Corporate Governance Guide, Outstanding Exposure Drafts

GAAP Alert No. 4/2006 e-GAAP Update No. 2/2006 ‘Tinkering At The Edges In Revised Segment Reporting Standard’, ED 145 ‘Operating Segments’ Released, Amendment To AASB 121 ‘The Effects Of Changes In Foreign Currency Exchange Rates’, ASIC Findings On AASB 1047 Disclosures

GAAP Alert No. 3/2006 e-GAAP Update No. 1/2006 ‘Understanding Revised Accounting Policies Estimates And Errors’, D18 Interim Financial Reporting And Impairment, Former Head Of Bearingpoint Australia Charged With Fraud, Exploration Company Chairman Charged With False Statements, International Public Sector Standards Update

GAAP Alert No. 2/2006 e-GAAP Update No. 12/2005 ‘Revised Related Party Disclosure Standard Now Operative’ , AASB Work Program For 2006

GAAP Alert No. 1/2006 Revised Related Party Standard Released, Appointments To Accounting And Auditing Boards, Other FRC Decisions, ASIC Results On Non-Binding Vote On Director And Senior Executive Pay