Financial Reporting Standards
Practice Statements
The FRS Practice Statements are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As the FRS Practice Statements are based on the IFRS Practice Statements and the copyright to the IFRS Practice Statements is owned by the IFRS Foundation, permission to use the FRS Practice Statements for any other purpose is required from ACRA and the IFRS Foundation with regard to the FRS Practice Statements and the IFRS Practice Statements, respectively.
Title | Application Date | Issuance Date |
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Making Materiality Judgements (PDF, 442KB) | 1 Jan 2024 | * |
Archives
Archived documents, including Practice Statement 1 Management Commentary (which was withdrawn with effect from 24 June 2025), can be accessed here.