2024-25 Update: Australian Financial Reporting and Regulation

by Lucy Webb

This course covers regulatory reforms from the Tax Practitioners Board, the new requirements for climate-related financial disclosures, recent amendments to financial reporting obligations and the details of the Financial Accountability Regime.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

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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.

Look inside

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Contents

  • Regulatory reform for tax practitioners
    • Reforms following the Tax Practitioners Board Review
    • The regulatory landscape
    • Treasury Laws Amendments
    • Promoter penalty law reform
    • Extending tax whistleblower protections
    • Further Tax Practitioners Board reforms
    • Information sharing
    • Ongoing developments
  • Climate and sustainability reporting
    • The IFRS Sustainability Reports Standards
    • The status of sustainability reporting
    • Which entities and when?
    • Sustainability reporting
    • Audits and record keeping
    • Next steps
  • Financial reporting update
    • Key standards
    • The impact of Pillar Two
    • Pillar Two measures in Australia
    • Disclosure requirements for subsidiaries
    • Current and non-current liabilities
    • Other standards
  • The Financial Accountability Regime
    • What Came Before FAR?
    • All about FAR
    • The regulators
    • Accountable entities
    • Accountable persons
    • Notification obligations
    • Deferred remuneration
    • Insurance and superannuation

How it works

Author

Lucy Webb

Lucy is a chartered accountant (ACA) and chartered tax adviser (CTA). She gained her experience in practice at Deloitte, working for multinational clients as well as clients within the asset management industry.

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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,500+ unitshourshours1,500+ unitshourshours
Access period120 days120 days12 months12+ months
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Use ACPD101 for 10% off any purchase.