2024-25 Update: Australian Financial Reporting and Regulation

This course will enable you to

• Outline key legislative amendments to the Tax Agent Services Act 2009
• Discuss potential changes to the Code of Professional Conduct
• Identity qualifying entities for the new climate-related financial disclosures
• Understand the latest proposals regarding Pillar Two
• Describe the new disclosure requirements for public companies
• Recognise core and enhanced accountable entities under FAR and consider the regulators’ approach to administering it

About the course

Recent updates and legislative amendments in financial reporting and regulation emphasise transparency and accountability, urging organisations to put the Code of Professional Conduct at the heart of their business activities.

The course delves into regulatory reforms initiated by the Tax Practitioners Board’s recommendations. It explores the actions entities should take to meet new requirements for climate-related financial disclosures and other amendments to financial reporting obligations, and explains how businesses can switch to the Financial Accountability Regime, ensuring they meet regulator expectations.