1. Has the Australian Accounting Standards Become Out of Touch?

    Has the Australian Accounting Standards Become Out of Touch?

    This Australian Financial Review shares this interesting report. It's a fascinating piece titled Accounting standards now 'outrageously complex'.

    In the article, Liberal MP Jason Falinski says:

    Accounting standards have become outrageously complex. That’s detrimental to the proper functioning of corporate entities and to investors in the capital markets.

    Let's take a look at how we can improve it together, shall we?

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