Australian Accounting Standards definition

Australian Accounting Standards means the accounting standards made by the Australian Accounting Standards Board in accordance with section 227 of the Australian Securities and Investments Commission Act 2001 (Cth).

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Australian Accounting Standards means Australian Accounting Standards that also ensures compliance with International Financial Reporting Standards as issued by the International Accounting Standards Board;

Australian Accounting Standards means the standards issued by the Australian Accounting Standards Board, as in force for the time being, and including any modifications prescribed by the regulations made under the Act. Australian Accounting Standards is hereby deemed to include Reduced Disclosure Requirements (if applicable).

Examples of Australian Accounting Standards in a sentence

• Any Special Purpose Financial Report must adopt the following as minimum reporting standards: accrual accounting; compliance with classification, recognition and measurement guidance of the Australian Accounting Standards and other mandatory reporting requirements; and disclosure necessary to give a ‘true and fair view’ or ‘present fairly’ so as to ensure financial reports are not misleading.

• Us with an audited financial report of You, as a Reporting Entity, for each financial year*, which report is prepared at an organisation level and must be: in the form of either a General Purpose Financial Report or a Special Purpose Financial Report (see below), as determined to be appropriate for You; and prepared in accordance with the Australian Statements of Accounting Concepts and Australian Accounting Standards.

More Definitions of Australian Accounting Standards

Australian Accounting Standards means the standards issued by the Australian Accounting Standards Board, as in force for the time being, and including any modifications prescribed by the regulations made under the Act.

Australian Accounting Standards means the financial reporting standards applicable to private and public entities in Australia established by the Australian Accounting Standards Board which are in effect on the Issue Date.

Australian Accounting Standards means accounting standards issued by the Australian Accounting Standards Board and any of the following standards: AAS 25, AAS 29 and AAS 31 and associated amendments to transitional provisions (AAS 29A, AAS 31A) which are in force in relation to the reporting period to which the financial report relates.

Australian Accounting Standards means the standards published from time to time by the Australian Accounting Research Foundation on behalf of the Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants in Australia.

Australian Accounting Standards means accounting standards issued by the Australian Accounting Standards Board that are in force in relation to the reporting period to which the financial report relates.

Australian Accounting Standards means the accounting standards within the meaning of the Corporations Law and, where not inconsistent with those accounting standards and the Corporations Law, generally accepted accounting principles and practices in Australia consistently applied by a body corporate or as between bodies corporate. AUTHORISATION includes:

Australian Accounting Standards means accounting standards issued by the Australian Accounting Standards Board that are in