AASB 101 - Presentation of Financial Statements - October 2006
Comparison with IAS 1Comparison with IAS 1
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Comparison with IAS 1
AASB 101 and IAS 1
AASB 101 Presentation of Financial Statements as amended incorporates IAS 1 Presentation of Financial Statements as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 1) are identified with the prefix “Aus”, followed by the number of the preceding IASB paragraph and decimal numbering. IAS 1 text that has been deleted from this Standard (and does not affect IFRS compliance) is listed in a separate section after the Standard.
Compliance with IAS 1
Entities that comply with AASB 101 as amended will simultaneously be in compliance with IAS 1 as amended.