Regulatory Guide 230 - Disclosing non-IFRS financial information CPD
This guide is for directors and preparers of financial information. It sets out ASIC’s guidance on the use of financial information in financial reports and other corporate documents, such as transaction documents and market announcements, where that information is presented other than in accordance with accounting standards (non-IFRS financial information).
The purpose of our guidance is to promote full and clear disclosure for investors and other users of financial information and minimise the possibility of those users being misled by such information.
Financial information presented other than in accordance with accounting standards (non-IFRS financial information) can be useful for investors and other users of this information in certain circumstances. However, in some cases, non-IFRS financial information has the potential to be misleading.
This guide sets out:
• ASIC’s definition of non-IFRS financial information and related terms (see Section B);
• ASIC’s guidance on when it is and is not appropriate to use non-IFRS financial information in financial reports (see Section C), documents other than financial reports and transaction documents (see Section D), and transaction documents (see Section E); and
• ASIC’s guidelines to assist directors and preparers of financial information in presenting non-IFRS financial information.