Comments sought on exposure drafts

At BDO, we provide comments locally to the Australian Accounting Standards Board (AASB) and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on exposure drafts that are currently available.

If you would like to provide any comments, please contact Aletta Boshoff, Partner and National Leader, IFRS & Corporate Reporting and National Leader, ESG & Sustainability.

Document

Proposals

Comments due to AASB by

Comments due to IASB by

ITC 52 Request for Comment on IASB Request for Information on Post-implementation Review of IFRS 9 Financial Instruments - Impairment

The International Accounting Standards Board is requesting information from stakeholders on the application of the forward-looking expected credit loss model contained in IFRS 9, which results in earlier recognition of impairment losses of financial assets.

18 August 2023

27 September 2023

ITC 53 Request for Comment on IASB Request for Information on Post-implementation Review of IFRS 15 Revenue from Contracts with Customers

The International Accounting Standards Board is requesting information from stakeholders on the application of the five-step revenue recognition model contained in IFRS 15, including principal versus agent considerations, licensing, and the disclosure requirements.

18 August 2023

27 September 2023

ITC 54 Post-implementation Review of AASB 1056 Superannuation Entities and Interpretation 1019 The Superannuation Contributions Surcharge

The Australian Accounting Standards Board is seeking feedback on the following matters relating to AASB and Interpretation 1019:

  • Level of reporting and sub-fund reporting
  • Statement of changes in members’ benefits
  • Classification/disclosure of revenue and expenses
  • Fair value asset measurement
  • Insurance arrangements
  • Subsidiaries
  • Trends affecting superannuation entity reporting
  • Interpretation 1019.

10 November 2023

N/A