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Australia’s big corporates struggle with new accounting standards

Less than one in 10 of Australia’s largest companies have adequately considered the impact of the new accounting standards, confirming ASIC’s fears.

PwC’s report ‘Is corporate Australia ready for major accounting changes?’ found less than 10 per cent of companies in the ASX 100 indicating that they had completed their impact assessment for each of the three standards.

Read the full article on Accountants Daily.

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