Executive summary -- Explanation of the reduced disclosure regime -- Impact on different entities -- What is the impact at 30 June 2010 and beyond? -- 50 RDR questions and answers -- Implementation plan -- Requirements of AASB 1 First-time Adoption of Australian Accounting Standards -- Guidance for auditors -- Glossary -- Appendix 1: Letter for practitioners' use to update clients -- Appendix 2: RDR: Summary and implications -- The four RDR checklists -- Checklist 1: Reduced disclosure regime checklist -- Checklist 2: Disclosures no longer required under RDR -- Checklist 3: AASB standards applicable to Tier 2 without amendment -- Checklist 4: AASB standards excluded from Tier 2
Summary
Mandatory application of the differential reporting framework is for annual reporting periods beginning on or after 1 July 2013. Early adoption of the reporting requirements is permitted, and it is expected that many currently defined reporting entities will early adopt (RDR) to reduce their financial reporting disclosures
Notes
Previous ed.: July 2010
Donated by Mr Robert Sexton for the Library Bookplate appeal 2008 Mr Robert Sexton
