Special Purpose Financial Statements illustrative guide – June 2025
Aiden Evans
Aiden is a Chartered Accountant with 14 years of professional experience having worked at mid-tier accounting firms, including a 3-month secondment to the UK in 2017. His professional experience has given him exposure to a range of clients of various sizes and industries. From ASX 200 to not-for-profits at various stages of the business’ life […]
Tanai Ghadiyar
Tanai is a qualified Chartered Accountant with over 11 years of external and internal audit experience at both Big 4 and mid-tier accounting firms in New Zealand and Australia. During this time, Tanai has worked on a range of clients of varying sizes across the manufacturing, retail, technology, and financial services sectors. These include publicly […]
Aidan Cousin
Aidan is a Chartered Accountant in the Motor Industry Services group. He has over ten years of experience in a diverse range of industries, with expertise in mergers & acquisitions, consulting & strategy, technical advisory and audit. Aidan’s focus is working with clients in the motor industry, and his deep understanding of key business drivers […]
Climate and sustainability assurance requirements approved by the AUASB
On 28th January 2025 the Auditing and Assurance Standards Board (AUASB) approved the adoption of international standard ISSA 5000 General Requirements for Sustainability Assurance Engagements in Australia. This standard will apply to sustainability assurance engagements for reporting periods beginning on or after 1 January 2025. ISSA 5000 was formally launched by the International Auditing and Assurance Standards […]
Not-for-profit financial reporting to get a shake up
Special purpose financial reporting by not-for-profit entities (NFPs) has been the norm for over 20 years. Further, transaction neutrality (also referred to as sector neutrality) has been built into our financial reporting framework for just as long – this means that for-profit and not-for-profit transactions are for the most part accounted for in the same […]
Sustainability Reporting Guide – Mandatory Climate Reporting – October 2024
Transitioning to an environmentally sustainable economy: Climate reporting is now law
On 17 September 2024 Royal Assent was granted on the climate reporting legislation previously approved by both Houses of Parliament. On 20 September 2024 the first Australian Sustainability Reporting Standards (ASRSs) were approved by the Australian Accounting Standards Board (AASB). Climate reporting legislation The climate reporting legislation is contained in Schedule 4 to the Treasury […]
The accounting liability that could be a millstone on your company’s growth
“Is Your Business Using Special Purpose Financial Statements? Here’s Why You Might Be Throwing Away Thousands!” While the above sounds like a clickbait scam, it’s an uncomfortable truth that holding on to your old accounting practices does not inspire confidence or open financial doors. Special purpose financial statements (SPFS) are those prepared for a specific […]