XRB A1 Application of the Accounting Standards Framework

  • For-profit
  • Not-for-profit
  • Public Sector

Sets down the accounting standards framework for for-profit and public benefit entities (both not-for-profit and public sector entities) required, or opting, to prepare general purpose financial reports.

It establishes the:

  1. financial reporting tiers;
  2. criteria for each financial reporting tier;
  3. accounting standards and authoritative notices that apply to each tier; and
  4. requirements for an entity to move from one tier to another tier. 
  • XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2020 (early adoption permitted)

    Date of issue: Dec 2015 Date compiled to: 9 May 2019

Amendments

  • 2019 Amendments to XRB A1 Appendix A – This version is effective for reporting periods beginning on or after
    1 Jan 2020 (early adoption permitted) When is an entity a Public Benefit Entity?

    Date of issue: May 2019

Previous Versions

  • XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2018

    Date of issue: Dec 2015 Date compiled to: 31 Jan 2019
  • XRB A1 – This version is effective for reporting periods beginning on or after
    1 Jan 2016

    Date of issue: Dec 2015 Date compiled to: 20 Dec 2017