Derecognition looms for corporate intangibles

Article Abstract:

The impact of the new rules under the International Financial Reporting Standards in Australia on intangible assets like the reporting of entities and the requirement of intangible assets to be taken out from companyEs balance sheets is discussed. The International Accounting Standards Board Proposal has a significant impact in Australia, as there is currently no accounting standard in Australia that addresses accounting treatment of intangible assets.

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Costello's man

Article Abstract:

The achievements of Ross Cameron, former parliamentary secretary of family and community services (FaCS) and treasurer Peter Costello's number two, are discussed. He reveals that his aim as a regulator would be to iron out wrinkles and extract the benefits of the current wave of reform- FRSA, CLERP 9 and the move to international accounting standards.

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Auditing and assurance for a better finance landscape

Article Abstract:

The role of the International Auditing and Assurance Standards Board (IAASB) is to establish high-quality auditing and assurance to improve the uniformity of practice throughout the world. The IAASB works towards the continuing meeting of national and international standards and encourages participation in joint projects.

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