AASB: Definition
The Australian Accounting Standards Board (AASB) is a government agency in Australia responsible for developing and maintaining financial reporting standards applicable to entities in both the private and public sectors of the Australian economy. This includes the development of accounting and external reporting standards and guidance related to sustainability-related financial information, which is aligned with principles, caters to external report users’ needs, and can be subject to assurance and enforcement.
Related Terms
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IFRS S1
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IFRS S2
The primary aim of IFRS S2 Climate-related Disclosures is to compel an organisation to provide information concerning its…
IFRS Sustainability Disclosure Standards
In June 2023, the International Sustainability Standards Board (ISSB) issued its inaugural pair of IFRS® Sustainability Disclosure Standards…