Australian Accounting Standards Board (AASB)

The Australian Accounting Standards Board (AASB) is an independent statutory body responsible for developing, issuing, and maintaining accounting standards for the private and public sectors in Australia. Established in 1991, the AASB aims to enhance the relevance, reliability, and comparability of financial reporting across the country. It works closely with the International Accounting Standards Board (IASB) to ensure that Australian standards align with international practices.