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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Tag : Lobbying and Advocacy

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JAB - AASB Exposure Draft ED 211 Proposed Amendments to AASB 1049

Thursday, 16 June 2011

The Joint Accounting Bodies support amendments to AASB 1049.

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JAB - IAASB Discussion Paper on The Evolving Nature of Financial Reporting: Disclosure and its Audit Implications

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.

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JAB - ASIC Consultation Paper 155 Prospectus Disclosure: Improving Disclosure for Retail Investors

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.

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JAB - IAASB ISAE 3410 Assurance Engagements on Greenhouse Gas Statements

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.

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JAB - IPSASB Conceptual Framework ED 1 Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities

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.

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JAB - IFAC Proposed Member Body Compliance Program Strategy 2011-2014

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.

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JAB - ASIC Consultation Paper 150 Disclosing Financial Information other than in Accordance with Accounting Standards

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.

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JAB - IAASB Strategy and Work Program for 2012-2014

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.

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JAB - Financial Services Agency of Japan Consultative Report on the Review of the IFRS Foundation's Governance

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.

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Reckon launched their GovConnect – Standard Business Reporting (SBR) enabled software

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 or phone (03) 8665 3164.

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JAB - IASB Comments on ED Financial Instruments: Impairment Supplement

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.

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JAB - IAASB - Proposed International Standard on Related Services ISRS 4410 (Revised), Compilation Engagements

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.

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