Concepts & Policies

One of the functions of the AASB is to develop a Conceptual Framework, not having the force of an Accounting Standard, for the purpose of evaluating proposed Accounting Standards [Australian Securities and Investments Commission Act 1989, section 227(1)(a)]. The AASB considers Statements of Accounting Concepts developed by the former AASB and the Public Sector Accounting Standards Board when developing Accounting Standards.
The AASB describes its policies with regard to various aspects of its due process and international harmonisation in a series of Policy Statements.

This section of the web site shows:

• a list of Statements of Accounting Concepts
• a list and full text of Policy Statements.

The published text of Statements of Accounting Concepts and Policy Statements can be purchased through the AASB's publications service.