Accounting and audit standards
Accounting and auditing standards
A focused index for AASB accounting standards, ASA auditing standards, ASRE review engagements and financial reporting instruments already in Zoe.
Priority instruments
Common accounting and audit lookups
- CTHIn ForceLegislative Instrument
AASB 101 - Presentation of Financial Statements - July 2015
What this Standard does: AASB 101 sets the ground rules for how Australian companies and organisations must present their financial statements. Think of it as the style guide for financial reporting — it...
- CTHIn ForceLegislative Instrument
AASB 102 - Inventories - July 2015
What this instrument changes, mechanically This Standard sets the accounting rules for measuring, recognising and disclosing inventories in general-purpose financial statements. The basic mechanical rule is:...
- CTHIn ForceLegislative Instrument
AASB 128 - Investments in Associates and Joint Ventures - August 2015
What this Standard does: AASB 128 sets the rules for how Australian entities must account for investments where they have significant influence or joint control over another entity—but don't fully control it....
- CTHIn ForceLegislative Instrument
AASB 15 - Revenue from Contracts with Customers - December 2014
What this instrument changes, in plain language It amends how certain Australian accounting standards apply to two types of situations that commonly affect not‑for‑profit entities and public sector bodies:...
- CTHIn ForceLegislative Instrument
ASA 501 - Audit Evidence - Specific Considerations for Inventory and Segment Information - October 2009
This is an Australian Auditing Standard that sets out specific rules for how auditors must gather evidence about two particular areas: inventory (stock) and segment information (how a company breaks down its...
- CTHIn ForceLegislative Instrument
Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity (July 2020)
What this legislation does: This is ASRE 2410, an Australian auditing standard that sets out the rules for reviewing financial reports — specifically when the review is done by the same auditor who audits the...
Current instruments
AASB, ASA and ASRE material
- CTHIn ForceLegislative Instrument
AASB 1023 - General Insurance Contracts - July 2004
What this Standard does: This is the accounting rulebook for how Australian general insurers (think car insurance, home insurance, business insurance — anything that's...
- CTHIn ForceLegislative Instrument
AASB 1 - First-time Adoption of Australian Accounting Standards - July 2015
What this Standard does, who it affects and how it works Mechanical change first: the Standard requires any entity preparing its first set of annual financial...
- CTHIn ForceLegislative Instrument
AASB 10 - Consolidated Financial Statements - July 2015
What this Standard does AASB 10 sets the rules for when a company (or any entity) must combine its financial results with those of other entities it controls — creating...
- CTHIn ForceLegislative Instrument
AASB 1004 - Contributions - December 2007
What this Standard does, who it affects, and how it works This Standard sets rules for how certain public-sector and other not-for-profit entities record transfers of...
- CTHIn ForceLegislative Instrument
AASB 1039 - Concise Financial Reports - August 2008
What this legislation does: This standard (AASB 1039) sets out the rules for creating a "concise financial report" — a shortened version of a company's full financial...
- CTHIn ForceLegislative Instrument
AASB 1053 - Application of Tiers of Australian Accounting Standards - June 2010
What this Standard does AASB 1053 establishes two tiers of Australian Accounting Standards for entities that prepare general purpose financial statements (GPFS): Tier...
- CTHIn ForceLegislative Instrument
AASB 1054 - Australian Additional Disclosures - May 2011
What this legislation does: This is an accounting standard (AASB 1054) that requires certain Australian companies and trusts to be more transparent about their...
- CTHIn ForceLegislative Instrument
AASB 1057 - Application of Australian Accounting Standards - July 2015
What this Standard does AASB 1057 is essentially a rulebook that decides which Australian businesses and organisations must follow Australian Accounting Standards (AAS)...
- CTHIn ForceLegislative Instrument
AASB 1058 - Income of Not-for-Profit Entities - December 2016
What this Standard does This accounting standard (AASB 1058) sets the rules for how not-for-profit entities (charities, government departments, local councils,...
- CTHIn ForceLegislative Instrument
AASB 1059 - Service Concession Arrangements: Grantors - July 2017
This Australian Accounting Standard (AASB 1059) sets out how public sector entities (government bodies) must account for service concession arrangements — commonly...
- CTHIn ForceLegislative Instrument
AASB 107 - Statement of Cash Flows - August 2015
What this Standard does, mechanically Requires each entity that prepares financial statements to include a statement of cash flows as an integral part of those...
- CTHIn ForceLegislative Instrument
AASB 108 - Accounting Policies, Changes in Accounting Estimates and Errors - August 2015
What this Standard does, who it affects, and how it works What it is: AASB 108 sets the rules for (a) choosing and changing accounting policies, (b) recognising and...
- CTHIn ForceLegislative Instrument
AASB 11 - Joint Arrangements - July 2015
What this instrument changes, mechanically This document is Accounting Standard AASB 11, titled “Joint Arrangements.” It is an accounting standard issued by the...
- CTHIn ForceLegislative Instrument
AASB 110 - Events after the Reporting Period - August 2015
What this legislation does: This is an accounting standard (AASB 110) that tells Australian companies and organisations how to handle important events that happen after...
- CTHIn ForceLegislative Instrument
AASB 112 - Income Taxes - August 2015
What this Standard does: AASB 112 sets the rules for how Australian companies must account for income taxes in their financial statements. It deals with two main...
- CTHIn ForceLegislative Instrument
AASB 116 - Property, Plant and Equipment - August 2015
What this legislation does: This is AASB 116, an Australian accounting standard that tells businesses and organisations how to account for property, plant and equipment...
- CTHIn ForceLegislative Instrument
AASB 119 - Employee Benefits - August 2015
What this Standard does AASB 119 sets out how employers must recognise, measure and disclose employee benefit obligations in their financial statements. It covers four...
- CTHIn ForceLegislative Instrument
AASB 12 - Disclosure of Interests in Other Entities - August 2015
What this Standard does, in practical terms This Accounting Standard requires organisations that have interests in other entities (for example, subsidiaries, joint...
- CTHIn ForceLegislative Instrument
AASB 120 - Accounting for Government Grants and Disclosure of Government Assistance - August 2015
What this legislation does: This standard (AASB 120) sets the rules for how Australian businesses and organisations must account for money, assets, or other help they...
- CTHIn ForceLegislative Instrument
AASB 121 - The Effects of Changes in Foreign Exchange Rates - August 2015
What this Standard does (mechanics first) Sets the accounting mechanics for foreign-currency activity: how to identify an entity's functional currency; how to translate...
- CTHIn ForceLegislative Instrument
AASB 123 - Borrowing Costs - August 2015
This is AASB 123, an Australian accounting standard that tells businesses how to treat borrowing costs in their financial statements. What it does: When a company...
- CTHIn ForceLegislative Instrument
AASB 124 - Related Party Disclosures - July 2015
What this legislation does: AASB 124 is an accounting standard that requires companies and organisations to disclose information about their related parties —...
- CTHIn ForceLegislative Instrument
AASB 127 - Separate Financial Statements - August 2015
What this legislation does This standard (AASB 127) sets the rules for how Australian companies and organisations prepare separate financial statements — that is,...
- CTHIn ForceLegislative Instrument
AASB 129 - Financial Reporting in Hyperinflationary Economies - August 2015
What this legislation does: This is an accounting standard (AASB 129) that tells Australian businesses and organisations how to prepare their financial statements when...
- CTHIn ForceLegislative Instrument
AASB 13 - Fair Value Measurement - August 2015
What this is: AASB 13 is an accounting standard that tells Australian businesses how to measure and report "fair value" in their financial statements. What "fair value"...
- CTHIn ForceLegislative Instrument
AASB 132 - Financial Instruments: Presentation - August 2015
This accounting standard tells Australian companies and other entities how to classify financial instruments on their balance sheets — specifically whether to treat...
- CTHIn ForceLegislative Instrument
AASB 133 - Earnings per Share - August 2015
What this Standard does This is the Australian Accounting Standard that tells companies how to calculate and report Earnings Per Share (EPS) — a key financial metric...
- CTHIn ForceLegislative Instrument
AASB 134 - Interim Financial Reporting - August 2015
What this Standard does (mechanics first) Sets minimum content and structure for interim financial reports (either a complete set or condensed statements) including: a...
- CTHIn ForceLegislative Instrument
AASB 136 - Impairment of Assets - August 2015
This document explains changes to accounting rules for not-for-profit organisations (like charities, public hospitals, and government agencies) about how they value...
- CTHIn ForceLegislative Instrument
AASB 137 - Provisions, Contingent Liabilities and Contingent Assets - August 2015
What this document is and what it does This file is the compiled Australian Accounting Standards Board (AASB) Standard titled "AASB 137 - Provisions, Contingent...