From hlb.com.au: HLB Mann Judd’s latest publication discusses the need for entities to revise their income statements in light of the new AASB 18 standard, which replaces AASB 101 and alters financial performance reporting.

It also highlights the importance of understanding Scope 3 emissions in carbon accounting and outlines the recent assurance requirements related to mandatory climate disclosures.

Additionally, the publication addresses clarifications on tax residency disclosures for consolidated entities and notes the growing interest in sustainability among not-for-profit organizations.