The IPA regularly contributes submissions to Government and
regulatory authorities on subjects that will impact, or have the
potential to impact, IPA members and the profession as a whole.
Submissions are made either jointly by the three professional
bodies or each body independently.
These submissions rely on feedback provided by a wide range of
members to ensure they accurately reflect the opinions of the
profession. Members are encouraged to give feedback so that it may
be incorporated into the IPA's full, formal submission. To provide
feedback, please contact the Executive General Manager Public
Affairs, Vicki Stylianou, via email or
phone on (03) 8665 3100.
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Lobbying and Advocacy
Thursday, 16 June 2011
The Joint Accounting Bodies support amendments to AASB 1049. Read More ...
Thursday, 9 June 2011
The JAB welcome the IAASB's paper and exploration of issues emerging as financial reporting evolves and would caution that new standards, or additional requirements added to existing standards, may not necessarily be the best or most effective response. Read More ...
Tuesday, 7 June 2011
The JAB are supportive of ASIC developing guidance on 'prospectus disclosures'. However, we have some concerns over the prescriptive level of detail included in some areas of the guidance. Read More ...
Monday, 6 June 2011
The JAB recognise the central role of assurance services in the increasing worldwide efforts to record and reduce levels of greenhouse gas emissions. We strongly support development of an international strandard for assurance engagements on greenhouse gas statements. Read More ...
Monday, 30 May 2011
Role, Authority and Scope; Objectives and Users; Qualitative Characteristics; and Reporting Entity. The JAB consider the conceptual frameworks of the IPSASB and the IASB/FASB will represent international best practice for entities of the public sector and the private for-profit sector respectively. However the journey to completion is not proceeding contemporaneously. Read More ...
Wednesday, 25 May 2011
In our view the strategy and work plan presented in the consultation paper are highly appropriate to achieving the program's stated goals. The JAB would encourage a system with a clear basis for classifying member bodies according to compliance risk. Read More ...
Thursday, 12 May 2011
The JAB are supportive of ASIC developing guidance on 'alternative profit disclosures' for application in documents related to the financial report. However, we express significant concerns over certain parts of the CP 150. Read More ...
Thursday, 14 April 2011
All the items included in the IAASB's proposed strategy and work program have merit. However we are of the view that the Board should give serious consideration to giving practitioners and member bodies worldwide an opportunity to address the vital matter of audit quality by allowing a period of time to bed down implementation of these standards. Read More ...
Monday, 4 April 2011
The Joint Accounting Bodies comment on the Monitoring Board's Consultative Report on the Review of the IFRS Foundation's Governance. Read More ...
Monday, 4 April 2011
As part of IPA being a member of the SBR Business Advisory Forum, we have formed a technology testing group to conduct user testing of new SBR products which we hope will benefit IPA members.
If you are interested in being part of this testing group or you are already using SBR enabled software, please contact Alicia Watson via email email@example.com or phone (03) 8665 3164. Read More ...
Friday, 1 April 2011
Our comment on the IASB ED Financial Instruments: Amortised Cost and Impairment did not support the expected loss model for a number of reasons including that the proposal was inconsistent with a true amortised cost measurement model. After reading the supplement our position is unaltered. Read More ...
Thursday, 31 March 2011
The JAB support the revision of ISRS 4410 and an updated standard addressing practitioner needs in this area is welcomed. However, we waish to draw the IAASB's attention to certain matters. Read More ...