AASB work program for 2013/14

The AASB has released an updated work program which reveals that it expects to release the revised NFP standards dealing with control and related parties in Quarter 4 of 2013 as well as a revised exposure draft for Income from transactions of NFP entities in quarter 2 of 2014. In addition, they will release the new superannuation standard replacing AAS 25 and AASB 1031 Materiality is also likely to be withdrawn.

The work program can be viewed here:

http://www.aasb.gov.au/admin/file/content102/c3/AASB_Standard_Setting_Work_Program.pdf

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