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The Australian Accounting Standards Board (AASB) currently have a Discussion Paper open for consultation that proposes a stand-alone accounting standard for smaller non-government not-for-profit organisations, which includes charities.

The proposed changes are expected to simplify accounting, improve the comparability and quality of financial reporting, and reduce costs.

The AASB has provided a number of ways for you to have your say, including:

You can learn more about the discussion paper, and the supporting documentation by visiting the AASB website.