Have your say on Reporting and Audit & Assurance consultations
Help shape key policy, standards and regulatory developments.
It’s our role as a professional body to advocate in the public good on policy areas that impact our members and the profession. Our advocacy work centres on drafting policy submissions to government, regulators and standard-setting bodies. We welcome input from members on the following consultations that are currently open for comment.
Treasury CP: Establishing External Reporting Australia’s standard-setting boards
The draft determination establishes the AASB, AAUASB, and ASSB and sets out:
- Each board’s functions and powers
- How the boards operate, consult and make decisions
- Reporting requirements.
Closes 15 October
View consultationED: Proposed Targeted Amendments to the IFRS Foundation Constitution
To operationalise the 2025 decision to gradually reduce the size of the IASB and the ISSB. The amendments proposed are designed to provide an appropriate governance framework for the smaller boards, facilitating their effective functioning and giving stakeholders clarity about the smaller boards' governance arrangements.
Closes 16 November
View consultationIAASB ED: ISA for LCEs (Revised)
Update to the standard to address significant developments related to fraud, going concern, ‘listed entity’ and ‘public interest entity’ definitions, and the use of experts, while ensuring the requirements remain appropriately tailored to audits of less complex entities.
Closes 17 November
View consultationIASB ED/2025/1: Risk Mitigation Accounting
Proposes amendments to IFRS 9 and IFRS 7 for a new accounting model to better reflect how financial institutions manage interest rate risk throughout their portfolios. The IASB is also seeking feedback on its proposal to withdraw IAS 39.
Closes 30 November
View consultationIAASB ED: Proposed Revisions for Audit Evidence & Risk Response
Proposes revisions to:
- ISA 330, The Auditor’s Responses to Assessed Risks
- ISA 500, Audit Evidence
- ISA 520, Analytical Procedures
To further embed, clarify and strengthen a principles-based, risk-based audit framework. The revisions also address the increased use of technology in business, financial reporting, and auditing.
Closes 15 December
View consultationIASB Post-implementation Review: IFRS 9 Hedge Accounting
A request for information on whether the hedge accounting requirements are working as intended and delivering the expected benefits to investors and other users of financial statements. The review covers two IFRS Accounting Standards:
- The hedge accounting requirements in IFRS 9 Financial Instruments, and
- The related disclosure requirements in IFRS 7 Financial Instruments: Disclosures.
Closes 26 January 2027