Previous Task Forces
Financial Report Taskforce
The key objective of the Taskforce is to provide policy advice to the FRC in respect of the following: to examine how the current financial reporting regimes for the various types of reporting entities in Australia can best be understood and, if needed, make recommendations regarding rationalisation of the regimes (for example, through better regulation of who needs to report and/or providing a vehicle for co-ordinating existing and new legislation).
The Taskforce is currently dormant.
Integrated Reporting Taskforce
The Taskforce has assisted the FRC in making submissions to the International Integrated Reporting Council (IIRC) and preparing the paper "What do we mean by Financial Reporting, Especially in Relation to Integrated Reporting?".
The Taskforce is currently dormant.
Audit Quality Taskforce
This Taskforce was established as part of the 2011-2014 Strategic Plan to monitor audit independence and other audit quality drivers.
Public Sector Taskforce
This Taskforce was established as part of the 2011-2014 Strategic Plan. In 2013, the Taskforce was re‑established as the Public Sector Committee.
Board Education Taskforce
This Taskforce was established as part of the 2011-2014 Strategic Plan to consider the issue of board understanding of financial reporting.
The work of the Taskforce concluded in September 2012.
Managing Complexity Taskforce (previously the Reducing Complexity Taskforce)
This Taskforce was established as part of the 2011-2014 Strategic Plan to review the issue of complexity in financial reporting – in particular the sources of complexity in reporting, and possible ways to manage this complexity.
The work of the Taskforce concluded in October 2012.