What’s new for 31 December 2025 reporting – and standards issued but not yet effective
Technical Accounting Alert | TA 2026-1New and revised accounting standards, AASB 108
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In the case of a dispute, an independent expert audit can be a key piece of evidence integral to your case.
Grant Thornton’s audit advisory team works alongside our clients, providing a full range of reviews and audits required of your business.
We interpret and apply complex accounting and auditing standards and provide evidence in disputes.
Many organisations are grappling with a myriad of employee agreements and obligations, resulting in a wide variety of payments to their people.
Our expertise helps clients provide assurance to their customers that their processes and controls are appropriately robust and sufficient.
Following the introduction of mandatory sustainability reporting requirements in Australia, organisations will need to understand if they are required to report, the disclosure requirements, and if they have the skill set and available data to comply. We can guide organisations through the reporting process end-to-end, from climate-related risks and opportunities identification through to reporting support.
We interpret and apply complex accounting and auditing standards and provide evidence in disputes.
Our expertise helps clients provide assurance to their customers that their processes and controls are appropriately robust and sufficient.
Many organisations are grappling with a myriad of employee agreements and obligations, resulting in a wide variety of payments to their people.
Following the introduction of mandatory sustainability reporting requirements in Australia, organisations will need to understand if they are required to report, the disclosure requirements, and if they have the skill set and available data to comply. We can guide organisations through the reporting process end-to-end, from climate-related risks and opportunities identification through to reporting support.
Partner & Head of National Assurance Quality
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New and revised accounting standards, AASB 108
Over time, governments have shifted away from the direct provision of certain community services, instead commissioning them through a competitive market largely serviced by not-for-profit (NFP) organisations.
Australian Securities and Investments Commission (ASIC) and the Auditing and Assurance Standards Board (AUASB) have both recently published FAQs providing guidance on the use of the different auditors for financial reporting audit and sustainability reporting assurance.
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