Are you ready for your first year of mandatory General Purpose Financial Reporting?
As reported in our past articles in February 2021 and September 2021, the ability for various for-profit entities to produce special purpose financial statements (SPFS) has been removed from 1 July 2021. Many entities are now required to produce General purpose financial statements under the new Tier 2 Simplified disclosure standards regime (SDS). unlisted public… Continue reading Are you ready for your first year of mandatory General Purpose Financial Reporting?