Apra standard business reporting companies

General Purpose Financial Statements General purpose financial statements GPFSs are those intended to meet the needs of users who are not in a position to require an entity to prepare reports tailored to their particular information needs. GPFSs include those that are presented separately or within another public document such as an annual report or a prospectus. GPFSs comprise the specific financial statements and the accompanying explanatory notes.

Apra standard business reporting companies

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Governance Objectives and key requirements of this Prudential Standard This Prudential Standard sets out minimum foundations for good governance of an APRA-regulated institution in the deposit-taking, general insurance and life insurance industries and of a Head of a group.

The ultimate responsibility for oversight of the sound and prudent management of an APRA-regulated institution rests with its board of directors or equivalent. The ultimate responsibility for oversight of the sound and prudent management of a group lies with the Board of the Head of the group.

It is essential that an APRA-regulated institution and group has a sound governance framework and conducts its affairs with a high degree of integrity. A culture that promotes good governance benefits all stakeholders of an institution and group and helps to maintain public confidence in the institution and group.

apra standard business reporting companies

The governance of an APRA-regulated institution and group builds on these foundations in ways that take account of the size, complexity and risk profile of the institution and group.Objectives and key requirements of this Prudential Standard.

This Prudential Standard sets out minimum foundations for good governance of an APRA-regulated institution in the deposit-taking, general insurance and life insurance industries and of a Head of a group.

The report reveals that further progress has been made in implementing the Basel III standards. The implementation of capital and liquidity standards has generally been timely and consistent, with banks continuing to build higher and better capital and liquidity buffers.

TechnologyOne has engaged with both the Australian Prudential Regulation Authority (APRA) and our customer base to develop a reporting toolkit that enables organisations to generate correctly formatted reports for APRA. Standard Business Reporting is a group of international programs instigated by a number of governments to reduce the regulatory burden for business.

The concept is to make business the centre when it comes to managing business-to-government reporting obligations.*. Need more help? Try the Small business assist portal with web chat for tailored information at your fingertips.

Web chat is available from 3pm to 8pm (AEST) Monday to Friday and 10am to 2pm (AEST) Saturday, except public holidays. Super funds regulated by the Australian Prudential Regulation Authority (APRA) have important reporting and administrative obligations to us and their members.

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