Thursday 21st November 2013
Duration: 2 hours
Full disclosure under the Corporations Law and Australian Accounting Standards can be daunting for the larger family business or not for profit. The reduced disclosure regime is designed to alleviate some of the compliance burden in some cases.
This program focuses on the implications of the Reduced Disclosure Requirements (RDR) introduced by the AASB in 2010.
- The definition of reporting entity
- Differences in preparing accounts for reporting and non-reporting entities
- Determining whether entities are reporting entities:
- large proprietaries
- other unlisted entities
- not for profits and charities
This webinar is suitable for: Accountants and auditors in private practice and in-house executives responsible for accounting and audit and in-house counsel
PRESENTED BY: Keith Reilly, Macquarie University, Sydney
Keith Reilly is a financial reporting consultant and covers accounting, auditing and ethical standards, as well as governance and regulatory issues. He has some 40 years’ experience in the financial reporting field, most recently (July 2013) being the National Head of Professional Standards at Grant Thornton Australia, and a member of Grant Thornton’s International Public Policy Group, Independence Working Group, and IFRS Committee.
He was previously the technical director and advisor for the Institute of Chartered Accountants in Australia, and has also worked with the Australian Securities Regulator (ASIC), been an advisor to a major institutional Australian stock broking firm, and a former Research Director and Auditor for two Australian Big 4 audit firms.
Keith consults, writes and lectures extensively on financial reporting issues. He is a former member of the Australian Accounting Standards Board’s Urgent Issues Group and a member of the Accounting Professional and Ethical Standards Board’s Code of Ethics Taskforce.
He is the Section Editor of Lexis-Nexis Corporations Law publications, a member of the Australian Institute of Company Directors Financial Reporting Committee, and various Institute of Chartered Accountants, CPA Australia, and Institute of Public Accountants Committees.
Keith is a member of Macquarie University’s Department of Accounting and Corporate Governance’s Advisory Board, a part time lecturer in the Master of Accounting and Corporate Governance program, and in 2013/14 is an Industry Fellow (International Governance and Reporting).
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