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All news by: Moore Australia media team

FRC APPOINTS MOORE AUSTRALIA DIRECTOR TO AUASB

Moore Australia is proud to hear the Financial Reporting Council (FRC) has announced the appointment of Moore Australia Director, Michelle Shafizadeh to the Auditing and Assurance Standards Board (AUASB). As the independent Commonwealth body responsible for developing, issuing, and maintaining auditing and assurance standards in Australia, the AUASB is recognised as contributing to enhanced credibility in external reporting through independent auditing and assurance.
 

Moore Australia welcomes Right-of-Use lease asset inclusion in calculation of Net Tangible Assets

Moore Australia welcomes the changes implemented by ASIC on 30 April, to counter the confusion caused by AASB 16. The introduction of AASB 16 resulted in the recognition of right-of-use assets (ROU) and lease liabilities.  The issue, which arose for Australian Financial Services (AFS) licensees, was whether ROU assets would be included in the calculation of their net tangible assets (NTA).