What the document covers
The guidance links FY2013 statements to a review period running in 2014 and 2015. It illustrates the difference between a reporting year and the regulator's review timetable.
Specific requirements and implications
Accounting policies should cover material items and reflect commercial substance instead of repeating generic standard text. Directors were also asked to consider the newly effective fair-value framework and upcoming consolidation changes. Going-concern analysis should address refinancing and covenant compliance, while estimates require specific assumptions and sensitivity information where relevant. This publication records the first review cycle's priorities, not a complete list of all requirements for a current set of financial statements.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official PDF ↗