Australian Accounting Standards
Administered by: Australian Securities and Investments Commission / Registry
When is this code of practice required?
You will need to comply with these accounting standards if you are a company that must prepare financial reports under company law.
An accounting standard is a technical pronouncement that sets out the required accounting for particular types of transactions and events. The accounting requirements affect the preparation and presentation of an entity's financial statements.
General purpose financial statements that comply with accounting standards should present fairly a company's:
- financial position
- financial performance
- cash flows.
What are the eligibility requirements for this code of practice?
For more information about whether your company has financial reporting obligations, please see the link here.
What resources provide more information?
| Task | Type | Resources |
|---|---|---|
| Comply | Code of Practice | Accounting Standards |
What legislation specifies this code of practice?
Corporations Act 2001 (Australian Government)
Corporations Regulations 2001 (Australian Government)
Who can you talk to for more information?
Customer Contact Centre
Australian Securities and Investments Commission / Registry
| Phone | 1300 300 630 |
More Information
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