Previous Taskforces

Financial Report Taskforce

The Taskforce is currently dormant.

The key objective of the Taskforce is to provide policy advice to the FRC in respect of the following:

To examine how the current financial reporting regimes for the various types of reporting entities in Australia can best be understood and, if needed, make recommendations regarding rationalisation of the regimes (for example, through better regulation of who needs to report and/or providing a vehicle for co-ordinating existing and new legislation).

Integrated Reporting Taskforce

The Taskforce is currently dormant.

In December 2011 the Taskforce assisted the FRC to make a submission to the International Integrated Reporting Council (IIRC) on its Discussion Paper.

In July 2013 the Taskforce assisted the FRC make a submission to the IIRC on its Consultation Draft.

Audit Quality Taskforce

This Taskforce was established as part of the 2011-2014 Strategic Plan to monitor audit independence and other audit quality drivers. In September 2012, the Taskforce was re‑established as the Audit Quality Committee.

Public Sector Taskforce

This Taskforce was established as part of the 2011-2014 Strategic Plan. In 2013, the Taskforce was re‑established as the Public Sector Committee.

Board Education Taskforce

This Taskforce was established as part of the 2011-2014 Strategic Plan to consider the issue of board understanding of financial reporting. The work of the Taskforce concluded in September 2012.

Details of the Taskforce and its membership are available on the FRC website.

Managing Complexity Taskforce (previously the Reducing Complexity Taskforce)

This Taskforce was established as part of the 2011-2014 Strategic Plan to review the issue of complexity in financial reporting – in particular the sources of complexity in reporting, and possible ways to manage this complexity. The work of the Taskforce concluded in October 2012.

Details of the work of the Taskforce and its membership are available on the FRC website.