Part A Literature Review (1 500 words 15 marks)
Part A Literature Review (1 500 words 15 marks)You are to report on the processes used to make changes to Australian accounting standards. You will find a lot of information here at the AASB web site to get you started. The AASB site is a great place to find out information on the Australian accounting standard setting environment but you will have to read more widely than that.To address the topic in Part A you will have to answer these two questions:How does the AASB incorporate changes to international accounting standards (i.e. changes being pushed from the IASB) into the Australian accounting standards?How does the AASB incorporate local Australian issues into the Australian accounting standards?You are expected to undertake independent research into this topic which should include finding information from:The IASB and AASB web sites Professional commentaryNews sitesAcademic publications (which may or may not be critical of the processes).
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