We invite views on a proposed body that combines the:
Australian Accounting Standards Board
Auditing and Assurance Standards Board
Financial Reporting Council.
The government announced plans to combine these into one body.
Your feedback will help refine the proposal before developing legislation.
Consultation paper
The paper seeks feedback on the proposed:
body’s structure
model of making standards for:
accounting
sustainability
auditing and assurance
transparency measures for the board and committees’ roles
board and committees’ candidates’ independence from industry
ways to strengthen governance and oversight arrangements.
Roundtable discussions
Treasury is planning roundtable discussions for mid‑February.
To express interest in attending, email FRSReform@treasury.gov.au by 5 February. Include your preferred location – Sydney, Melbourne or online.
