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AUASB 2025-12 Amendments to AUASB Standards
Amendments to ASA 700Amendments to ASA 700
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Amendments to ASA 700
- Existing footnote 24 in paragraph A7 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 PresentationBasis of Preparation of Financial Statements, paragraph 6C17(c)).