Corporate Reporting Insights - March 2022

Our March 2022 edition of Corporate Reporting Insights keeps you up to date with the latest Australian and global developments in corporate financial and sustainability reporting.

This month, we consider the impact of the Ukraine-Russia conflict on financial statements and the Operating and Financial Review (OFR), an update on ASIC’s recent activity, sustainability reporting in Australia, insurance and much more.

We also launch our new IFRS online training resources, a series of self-paced training seminars and eLearning courses to help you prepare your first set of general-purpose financial statements for 30 June 2022. Visit the BDO IFRS & Corporate Reporting Training Hub to learn more.

NEW BDO IFRS TRAINING SEMINARS AND ELEARNING

• BDO launches IFRS online training courses

UKRAINE-RUSSIA CONFLICT

• Ukraine-Russia conflict – What it means for your financial statements and OFR

AUSTRALIAN DEVELOPMENTS

• Have you accounted for all your 'make good' and restoration provisions?
• ASIC prosecutes seven companies for failing to lodge financial reports and hold AGMs
• Listed and unlisted entities can choose to hold virtual AGMs beyond 31 March 2022
• Directors – Reminder to apply for your director ID

GETTING READY FOR GENERAL PURPOSE FINANCIAL STATEMENTS

• Accounting for share-based payments
• Eight ways to make your financial statements say what they mean

SUSTAINABILITY

• AASB adds sustainability reporting to its work plan
• Watch our most recent ESG webinar – Demystifying the ESG process

INSURANCE

• Applying the General Measurement Model in IFRS 17 Insurance Contracts to a portfolio of insurance contracts – onerous contracts

OTHER

• Watch our most recent webinars – Getting ready for IFRS 17 Insurance Contracts
• BDO monthly webinars – please register for remaining 2022 webinars now
• New IFRS and corporate reporting resources by topic
• Comments sought on exposure drafts