Submissions
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
Representation & Innovation, Vicki Stylianou, via email or
phone on (03) 8665 3100.
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Tag :
Lobbying and Advocacy
Friday, 25 March 2011
The JAB acknowledge the importance of the concept of the "public interest" to the work of IFAC and its committees, the professional accountancy organisations and others including policy makers, law makers and regulators and support IFAC's initiative in proposing to issue such a Framework.
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Thursday, 24 March 2011
The JAB do not consider that a reform to clawback director remuneration when financial statements are materially misstated is needed to further enhance Australia's executive remunderation frameworks. We fail to see that the benefits of such a reform outweigh the compliance costs and the DP does not adequately demonstrate the case for introducing a clawback policy.
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Monday, 21 March 2011
The JAB cannot support the proposal to mandatorily change the definition of income of the trust as a temporary resolution to certain trust issues.
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Tuesday, 8 March 2011
While the JAB understand the AASB's objective in issuing the ED is to ensure that standards issured by the AASB under Tier 2 requirements, we note that this approach can lead to inefficiencies in standard setting. The AASB may be required to alter some of its agreed disclosure requirements shortly thereafter to parallel the disclosure requirements of a later version of the IFRS for SMEs standard.
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Friday, 25 February 2011
Overall the Joint Accounting Bodies are supportive of the ED as it simplifies hedge accounting, bringing the accounting closer to the entities' risk management strategy.
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Friday, 25 February 2011
Overall the Joint Accounting Bodies are supportive of the ED as it simplifies hedge accounting, bringing the accounting closer to the entities' risk management strategy.
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Wednesday, 23 February 2011
The IAASB's proposal to provide material to assist auditors in this area is to be welcomed.
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Tuesday, 22 February 2011
The JAB support the Strategy Review process and would encourage the revision of the objective of the Constitution to better align with the objective of general purpose financial reporting by the IASB and FASB.
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Thursday, 17 February 2011
The JAB support the revision of AUS 904 Engagements to Perform Agreed-Upon Procedures and an updated standard addressing assurance practitioner needs in this area is to be welcomed. However, we wish to draw the Board's attention to certain matters.
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Monday, 14 February 2011
Guidance Statement GS 007 is generally helpful to auditors in addressing many of the complexities that may arise when entities outsource activities to service organisations.
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Wednesday, 2 February 2011
While the JAB understand the AASB's objective in issuing ED 204 to ensure that standards issued by the AASB contain Tier Two requirements we have serious reservations about this approach as it exposes the domestic standard setter to a series of risks and inefficiencies.
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Wednesday, 2 February 2011
While the JAB understand the AASB's objective in issuing EDs 198 and 202R is to ensure that standards issued by the AASB contain Tier Two requirements we have serious reservations about the issuing of these EDs as it exposes the domestic standard setter to a series of risks and inefficiencies.
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