ASB leads the way forward for OFR
28 August 2012
The Accounting Standards Board (ASB) has issued a draft of its Standard for Operating Financial Review (OFR) for consultation.
The ASB published the draft document for the first OFR Standard following the government’s announcement on 5 May that a mandatory standard for OFR should be introduced. It is expected to become a statutory requirement from January 2005.
An advisory committee has been set up to consult on the OFR standard. Members of the committee include Deborah Doane, chair of...