External Reporting Working Group working hard for members
The G100 has several working groups, the External Reporting Working Group (ERWG) being one the first established. A key focus of the Group is to
Group of 100
May 14, 2020
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ASIC yesterday announced that the COVID-19 FAQs on financial reporting and audit were updated. The most significant addition at this time is the incorporation of further information for directors and auditors relating to the solvency statement to FAQs 11 and 12.
Please note that ASIC also made minor changes to FAQs 2 and 6 on Monday last week. FAQ 2 refers to the use of probability-weighted scenarios for impairment of non-financial assets, and FAQ 6 clarified that the liability for private health insurers is a claims liability.
To see the revised FAQs, please click here.
ASIC also announced that it is planning to release the focus areas for 30 June 2020, along with a new FAQ on lessor rent concessions. A release date was not yet announced.
The G100 has several working groups, the External Reporting Working Group (ERWG) being one the first established. A key focus of the Group is to
Most of us have been back at work for several weeks and the first reporting season for the year is almost over. While there have
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