However the only written documentation that was found about recommendations of

However the only written documentation that was found

This preview shows page 325 - 328 out of 354 pages.

However, the only written documentation that was found about recommendations of BEFR did not list the project. June 2002 HoTARAC Working Group Determined seven key differences between AAS and GFS PE C Technical feasibility No evidence No evidence June 2002 FRC meeting Consideration of GAAP and GFS as strategic direction PE A and PE C Explanation of issues and GAAP/GFS as policy solution (according to interviews) GAAP/GFS harmonisation to improve public sector financial reporting No evidence August 2002 HoTs HoTs endorses GAAP/GFS PE C Technical feasibility (development of Yes (from interviews) No evidence
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312 Date Organisation Event Attendance/ involvement of PEs and members of epistemic community Consideration of cognitive substance Consideration of normative substance, value acceptance Consideration of future constraints Other harmonisation HoTs Chair writes to the FRC Chair and AASB requesting that AAS/GFS harmonisation be given a high priority HoTARAC report, interviews) August 2002 AASB GAAP/GFS harmonisation if included in AASB work plan No No No September 2002 FRC GAAP/GFS harmonisation strategic direction is drafted and approved PE A and PE C GAAP/GFS harmonisation as policy solution to existing issues in public sector GAAP/GFS harmonisation as policy solution to improve public sector reporting Additional resources offered to AASB 30 September 2002 FRC and AASB annual report 2001-2002 GAAP/GFS harmonisation project with highest priority “The objective is to determine whether or not such a reconciliation should form part of general purpose financial reports and if so, whether such inclusion is presently feasible.” (FRC and AASB 2002, Appendix E) No evidence No evidence 22-23 October 2002 HoTs HoTs Chair and Secretary of Finance meet with the AASB Chair to discuss public sector issues Key individual E Key individual F No evidence No evidence No evidence 21 November 2002 SELC PE B Key individual E (Secretary Treasury, Chair, HoTs) Evidence of confusion among politicians and discussion of differences between GAAP and GFS and change of GFS and Not applicable Not applicable No discussion of GAAP/GFS harmonisation Influence of ABS to make changes to GFS framework Emphasis that Auditor-Generals
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313 Date Organisation Event Attendance/ involvement of PEs and members of epistemic community Consideration of cognitive substance Consideration of normative substance, value acceptance Consideration of future constraints Other GAAP and GFS treatments over the last two years do not provide opinion on GFS statements Treasury staff member explains that GAAP and GFS are “actually quite different “and argues that rest of the world pretty much uses GFS ”. 4-5 December 2002 AASB AASB meeting PE D GAAP/GFS harmonisation should not be pursued by the AASB, rather GFS would be considered as part of the review of AAS 31 No evidence No evidence AASB does not view GFS reporting (in particular, ex-ante budget reporting) within its regulatory space 5 December 2002 Chairman JCPAA Chairman of JCPAA writes to FRC endorsing GAAP/GFS harmonisation
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  • Fall '13
  • Government, The Land, International Financial Reporting Standards, Financial Accounting Standards Board, Australian Accounting Standards Board, Snow

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