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AUASB 2025-12 Amendments to AUASB Standards
Amendments to ASA 450Amendments to ASA 450
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Amendments to ASA 450
- Existing footnote 7 of paragraph A1 is amended to read as follows:
For example, Australian Accounting Standards require an entity to provide additional disclosures when compliance with the specific requirements in Australian Accounting Standards is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity’s financial position and financial performance (See AASB 108101 Basis of Preparation Presentation of Financial Statements, paragraph 176C(c)).