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?

Read the source article at Financial Review