New Accounting Standards - Top questions directors need to ask now
All Australian directors need to be aware of the ‘triple whammy’ about to hit Australian financial reporting. This ‘triple whammy’ involves the most significant changes to financial reporting this century and represent a fundamental challenge to Australian companies in being able to prepare financial reports on time and in accordance with accounting standards. They will change the pattern of revenue recognition and bring most leases onto the balance sheet which in turn will require significant changes to both processes and systems.
In this webinar Richard Rassi, Riclin Consulting, and Alison White, Deloitte, will outline the new requirements and cover what directors need to know and do from a governance perspective.
They will discuss:
- Director compliance obligations under the Corps Act and ASIC regulations
- Key features and impact of each standard
- What to ask while overseeing the implementation of the Standards
- What you should be doing now
- The key questions you should be asking
A lack of planning could see companies receiving qualified audit opinions, delays in lodging financial statements, loss of investor confidence, a fall in share price and potentially some chief financial officers seeking alternate employment to name a few of the consequences. Join this webinar to ensure you as a director are well prepared to discharge your obligations in this important area.
Register for three or more webinars of your choice in one transaction, and you can take advantage of our bundle and save promotion. Receive 10% discount for three webinars or register for five or more and receive a 15% discount. *Series webinars are exempt from this offer.
DPD Units = 5