posted on July 07, 2010 16:01
In this month’s edition...
The XYZ Financial Reporter is prepared
by the Technical Accounting Services
team of Moore Stephens. In this month’s
edition, the team takes a look at the
following topics:
ASIC focus for the 30 June 2010 reporting period
With the 30 June 2010 reporting period imminent it is an opportune time to consider some of the areas of ASIC focus, when they again review listed and unlisted entity financial statements.
The five main areas of focus arising from the Global Financial Crisis (‘GFC’) which ASIC will again consider are:
- Going Concern;
- Impairment;
- Fair value determination;
- Off balance sheet arrangements; and
- Financial instrument disclosures.
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