Australian Accounting Standards - Australian Government


You will need to comply with these accounting standards if your entity must prepare financial reports under company law.

An accounting standard is a technical pronouncement that sets out the required accounting for particular types of transactions and events. The accounting requirements affect the preparation and presentation of an entity's financial statements.

General purpose financial statements that comply with accounting standards should present fairly a company's:

  • financial position
  • financial performance
  • cash flows.

Service type

Code of Practice

A code of practice is a set of rules which details how people in a certain industry should behave. A code of practice can be defined as a result of legislation or by industry regulators and bodies.

Other resources

Task Business Structure Resources
Comply All Accounting Standards (Opens in new window)

Act(s) name

Corporations Act 2001 Australian Government

Regulation(s) name

Corporations Regulations 2001 Australian Government

Administering agency

Australian Securities and Investments Commission


Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.