The Global Financial Crisis and the Impact on 30 June 2009 Financial Statements

Introduction

With the next reporting period fast approaching, now is the time to look into the key issues faced in the preparation of this year's financial statements. It's clear that the global financial crisis is having, and is likely to continue to have, a major impact on businesses in the Australian econo...Read more

30 June 2009 ASIC Surveillance Program

The Australian Securities and Investment Commission (ASIC) has released guidance in relation to key areas of focus following its review of 2008 financial reports. It is expectedthat for the 2009 reporting period ASIC will pay close attention to the following areas: Going Concern ...Read more

Other Areas of Focus

In addition to the watch list released by the Australian Securities and Investments Commission (ASIC), there are a number of other areas which may also require close attention in the 2009 reporting year. Particular areas of focus include: Loan Covenants Share Based Payments ...Read more

Contact Us

For assistance or more information on any of the issues highlighted in this edition of Accounting Update please contact your local William Buck Advisor at www.williambuck.com.au. Alternatively you can contact an Assurance Director directly using the details shown below: ...Read more

Disclaimer The material in this newsletter is for the benefit and information of clients. The items are in the nature of general comments only, and are not to be used, relied or acted upon without seeking further professional advice. William Buck accepts no liability for errors or omissions, or ...Read more