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
ED 326 Annual Improvements to Australian Accounting Standards – Volume 11	Proposes minor or narrow scope amendments to the following Australian Accounting Standards as a result of the International Accounting Standards Board’s Annual Improvements – Volume 11: AASB 1 First-time Adoption of Australian Accounting Standards AASB 7 Financial Instruments: Disclosures AASB 9 Financial Instruments AASB 10 Consolidated Financial Statements AASB 107 Statement of Cash Flows.	7 November 2023	11 December 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 1056 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
ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information	Proposes three draft Australian Sustainability Reporting Standards based on IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, but dealing only with climate-related financial disclosures.	1 March 2024	N/A