Company reporting: improving, but more care needed

Article Abstract:

The Australian Securities and Investment Commission (ASIC) believes that compliance with accounting standards is essential for accurate financial reports. A recent examination by the ASIC revealed that a number of problems need to be addressed. For example, some companies do not comply with certain standards and requirements of the Corporations law, especially those areas pertaining to intangible assets, directors' and officers' emoluments, and abnormal items.

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CPA professional update

Article Abstract:

An update of various groups of the Australian Society for Certified Practising Accountants provides the latest information. The Urgent Issues Group has several issue proposals, the Audit Group released several reports, the Financial Reporting Group published the latest issue of Accounting History Journal and the Legislative Reform Group focused on policies.

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CPA professional update

Article Abstract:

A professional update for Australian Certified Practising Accountants is provided. There is information from the urgent issues group, the financial reporting group, the audit group and the international group. This information was released in Mar-Apr 1999 and covered communicating with management as well as accounting policies.

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