CTHIn ForceLegislation
Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
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Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
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Guide to this Part
The purpose of this Part is to mandate the principles of financial reporting requirements for reporting entities. Subsection 42(2) of the PGPA Act states that “the annual financial statements [of Commonwealth entities] must comply with the accounting standards [i.e. AAS] and any other requirements prescribed by the rules, and present fairly the entity’s financial position, financial performance and cash flows”.