Overview
        Overview
  1. The Regulatory Framework
   - Who does what
  2. Financial Reporting in Au
   - Continuous  vs. Periodic 
  3. Stepping Stones
  4. Adoption Progress 
  5. Lessons 
  6. New Dawn?
     THE REGULATORY FRAMEWORK
     THE REGULATORY FRAMEWORK
      [XBRL-Au focus has been on regulatory adoption]
      [
      
 Organizational Equivalents
      USA                    Au
      SEC                    ASIC
      FIDC                   APRA
      FASB                   AASB
      NYSE/NASD et al        ASX
      DTC (securities clearing)  ASX
      EDGAR                  ASX (“CAP”)
      AICPA                  ICAA;CPAA;NIA
   THE REGULATORY FRAMEWORK  
   THE REGULATORY FRAMEWORK  
            2
            2
 1. Enforcement: Corps Act and 
  Accounting Standards
  - Australian Securities & Investments 
  Commission [ASIC]
  [Stds are issued by Au. Accounting Stds. 
  Board; part of Fin. Rep. Council. “AASBs” 
  is generic name for all Au standards]
        THE REGULATORY FRAMEWORK 
        THE REGULATORY FRAMEWORK 
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 2. Prudential Regulation
     -   Financial Institutions : APRA
     -   Other Corps : ASIC
 3. Market Provider : ASX
          - ASX Supervises its Rules: Listing; 
         Market; Clearing
   THE REGULATORY FRAMEWORK 
   THE REGULATORY FRAMEWORK 
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 1. Stock brokers; traders etc
  - licensed and regulated by ASIC
 2. Prudential Regulation
   “participants” in ASX market
   supervised by ASX re. Capital 
  Adequacy (risk to market); internal 
  controls; fair dealing