The ACNC made a recent submission to the Australian Accounting Standards Board on Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Compliance with Recognition and Measurement Requirements (ED 293).
The additional disclosure requirements proposed will provide more details in the special purpose financial statements that some charities submit as part of their Annual Information Statements, which the ACNC believes is a positive step towards greater transparency, accountability and good governance.
To view the ACNC submission, click here.