The IFRS team at Grant Thornton Australia produces example financial statements to illustrate the application of the requirements in Australian Accounting Standards (AASBs) which incorporate International Financial Reporting Standards (IFRSs) as issued by the International Accounting Standards Board (IASB).
As organisations are navigating a new reality � confronting interruptions and disruptions � it is more vital than ever that organisations ensure good risk mitigation practices remain in place to manage rapidly evolving risks and minimise impacts.
We have released the seventh edition of Dealtracker, our analysis of the Australian M&A and equity markets. Covering transactions during the 18 month period from1 January 2019 to 30 June 2020, we saw a significant decrease in deals in H1 2020 as the world responded to the COVID-19 pandemic.
InsightUnderstanding the early warning signs of insolvency
With the world in the grips of COVID-19 and facing tough knock-on effects to all parts of the economy, the Australian Government has released multiple massive support packages to provide relief to individuals and business owners.
PodcastGetting your house in order - What happens when the COVID support measures end?
When COVID hit, the combination of JobKeeper, banks deferring principal and interest payments, and temporary changes to insolvency laws gave businesses some much needed breathing space � preventing the immediate tsunami of insolvencies many were anticipating.
Royal Commission wrap upTop 10 things for Financial Services providers
Eleven months on from the first round of hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Hayne�s final report has been released.
Aged Care Royal CommissionPerspectives on the Future of Ageing
Transitions in ageing are not consistent and systematic as they are described by our ageing systems. Sometimes they are incremental, sometimes accidental, sometimes monumental, and they are always personal. We can create something better.
Biotechnology Industry Position surveyAustralia's biotechnology industry drives economic growth
The 2019 Biotechnology Industry Position survey conducted by Ausbiotech and supported by Grant Thornton has revealed that new technologies across regenerative medicine and medicinal cannabis are disrupting the industry, and Australia's global strength in clinical trials continues to drive contributions to the economic and social fabric of the country.
mid-sized business reportManufacturing is critical to our economy � how can we support the sector?
Although the knock-on effects of the Australian automotive industry exiting our country are yet to be fully understood, the industry is evolving, and manufacturing continues to be a major employer and critical to our overall economy.
mid-sized business reportSupporting affordable housing requires planning, certainty � and tax reform
There is a lot of noise around the property sector at the moment � and it�s not all positive. Prices are down � but this shouldn�t be a surprise when some markets (namely Sydney & Melbourne) saw unprecedented hikes in recent years.