Welcome to the latest edition of our corporate reporting publication that aims to keep you in the loop with all the latest accounting, financial and sustainability reporting developments, and the potential impact they may have on your business.
As we close out 2025, we continue our deep dive into AASB 18 ahead of its effective date of 1 January 2027 for for‑profit Tier 1 reporters. In this second instalment of our series, we turn to one of the most significant changes: the reshaping of the income statement through new requirements for categorising income and expenses.
We also consider the practical implications of the ASX’s recent consultation on the sustainability reporting obligations of listed entities.
Finally, with 31 December fast approaching, we highlight the key areas entities should prioritise in their financial reporting to avoid regulatory scrutiny from ASIC. In particular, large proprietary companies must be clear on their reporting obligations as ASIC has signalled a firm stance on lodgement deadlines.
In this issue:
Financial Reporting
- A guide to AASB 18: Part 2 Categorising income and expenses
Sustainability Reporting
- Sustainability reporting obligations for listed entities
Regulatory
- Key takeaways from ASIC’s latest surveillance