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 49 Post-implementation review of AASB 1059 Service Concession Arrangements: Grantors

To seek feedback on the whether AASB 1059 continues to meet its objectives and remains appropriate. In this regard, the AASB is seeking feedback on the following topics:

  • Public service
  • Grantor’s control of the service concession asset
  • Public sector operator
  • Recognition and measurement of service concession assets and related liabilities
  • Other matters.

28 February 2023

N/A

ITC 50 Post-implementation Review – Income of Not-for-Profit Entities

To seek feedback on NFP user experiences when applying AASB 1058 Income of Not-for-Profit Entities and AASB 15 Revenue from Contracts with Customers to recognise income and revenue.

31 March 2023

N/A

ITC 51 Post-implementation Review of Not-for-Profit Topics – Control, Structured Entities, Related Party Disclosures and Basis of Preparation of Special Purpose Financial Statements

To seek feedback on NFP user experiences when applying accounting standards dealing with control and consolidation, structured entities, related party disclosures, and disclosures in special purpose financial statements regarding the extent of compliance with Australian Accounting Standards.

31 March 2023

N/A

DP Development of Simplified Accounting Requirements (Tier 3 Not-for-profit Private Sector Entities)

Contains the AASB’s preliminary views on a Tier 3 reporting framework for private sector not-for-profit entities (NFPs). Proposes simpler accounting requirements for smaller private sector NFPs in a separate stand-alone standard.

31 March 2023

N/A