Boardroom Brief Week Commencing 26 May 2025

From gtlaw.com.au: ASIC emphasises compliance and transparency in financial reporting for FY25-26, with a focus on audit practices and investment portfolios.

The Takeovers Panel addresses shareholder association concerns and delisting applications, while legal guidance on director resignation highlights key principles.… read more

Remuneration Reporting Guide

From kpmg.com: KPMG released a Remuneration Reporting Guide to assist organisations in preparing clear and compliant remuneration reports for executives, which are increasingly scrutinised by stakeholders.… read more

Tariff Impacts: Top 10 Accounting Issues

From alvarezandmarsal.com: Tariffs can significantly affect various accounting and financial reporting areas, including inventory valuation, fixed asset values, and revenue recognition.

Companies may need to adjust their accounting methods and strategies to comply with regulations and manage risks associated with tariffs.… read more

Digital financial reporting would take Australia out of ‘stone age’

From www.themandarin.com.au: Australia’s Productivity Commission is consulting stakeholders on modernizing financial reporting by introducing digital financial reports to alleviate compliance burdens with ASIC regulations.

Despite recommendations from various parliamentary inquiries over the past three decades, no significant progress has been made towards implementing digital financial reporting.… read more

Navigating AASB S2 Pillar 2: Embedding climate strategy into your reporting

From bdo.com.au: AASB S2 Pillar 2 emphasizes the importance of integrating climate strategy into business reporting to enhance resilience and value.

Companies are encouraged to assess and disclose climate-related impacts on their financial performance by aligning climate science and policy with strategic planning.… read more

Market valuations: The importance of selecting the ‘risk-free rate

From bdo.com.au: The selection of the appropriate risk-free rate is essential for accurate cash flow valuation, particularly under AASB 16 standards.

Valuers must align risk-free securities with the duration of expected cash flows to avoid valuation errors, using strategies like duration matching to manage interest rate risk effectively.… read more