2025-26 Update: Australian Financial Reporting and Regulation
The Australian Government has introduced a number of legislative changes in response to recent events, and these are likely to affect a tax practitioner's day-to-day work. This course will ensure that the advice you provide your clients is useful, up-to-date and accurate.
2025-26 Update: Australian Financial Reporting and Regulation
This course will enable you to
- Understand the scope of the Tax Agent Services Act 2009 (TASA) and the key legislative amendments introduced
- Clarify the different obligations under the Code of Professional Conduct
- Outline the eight new obligations introduced by the Tax Agent Services (Code of Professional Conduct) Determination 2024
- Discuss the key changes proposed by AASB 18 Presentation and Disclosure in Financial Statements
- Describe the four main elements of the Government's statement on developing an innovative Australian digital asset industry
About the course
The PwC scandal exposed serious weaknesses in the integrity of Australia’s regulatory framework, prompting a number of legislative changes. For tax practitioners, these changes are not just theoretical, they have a direct impact on daily professional responsibilities and ethical obligations.
This course looks at these changes, as well as updates to the Code of Professional Conduct, and the preparation of financial reports. We also look at the treatment of cryptoassets, and how this emerging area is likely to develop in the coming years.
You'll come away with the clarity and confidence to ensure your advice is useful, up-to-date and accurate.
