The proposed removal of special purpose financial statements (SPFS) by the Australian Accounting Standards Board (AASB) will likely cause a significant burden for smaller charities.
The AASB is concerned with the consistency, comparability and transparency issues within the current financial reporting framework.
The AASB has reiterated that it will continue to consult with ACNC to ensure the needs and concerns of the charity sector are heard.
A copy of the AASB paper can be found here.
Our blended team of youth and experience, act as one to deliver on The SDJA Difference.
Meet The Team
0428 074 081
info@sdja.com.au
Suite B6, 1 Maitland Place Baulkham Hills NSW 2153