insto - Australian financial markets

The debate on accounting treatment of financial instruments is still far from resolved, with international standard setters working furiously to develop a raft of new rules, writes Bernard Kellerman.

Another round of potentially costly compliance regulations are being considered by accounting standards setters. Australian companies are at risk from a dramatic increase in costs and resources imposts under a proposed International Accounting Standards Board (IASB) standard that calls for companies to quantify and disclose their “aggressive tax positions”.