ACC222 : Regulatory Environment and Financial Reporting - Accounting Assignment

Internal Code : MAS4578   The regulatory environment and financial reporting You are employed in a large accounting firm which specialises in preparing general purpose financial reports for large companies that are listed on the Australian Securities Exchange (ASX). As the training manager, one of your key tasks is to prepare a newsletter for staff involved in the preparation of the above financial reports. The purpose of the newsletter is to alert staff to changes and developments that may impact their work, and provide enough information about these changes/developments to satisfy the following: 1. For staff to understand the nature of the change/development and its potential impact (so staff can decide whether they need to investigate further given the nature of their own work) 2. Provide directions to staff of where they can access further information on the change/development if they wish to (including website links where appropriate). Prepare a 2 page newsletter that identifies and summarises changes and developments in the financial reporting environment for the period from 1 April 2017 to 31 July 2017.