Compilation details
Statement of Accounting Concepts SAC 1 Definition of the Reporting Entity (as amended)
Compilation details are not part of SAC 1
This compiled Statement applies to annual periods beginning on or after 1 July 2021. It takes into account amendments up to and including 6 March 2020 and was prepared on 29 October 2021 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Statement of Accounting Concepts issued by the AASB. Instead, it is a representation of SAC 1 (August 1990) as amended by other pronouncements, which are listed in the table below.
Table of pronouncements
Table of amendments
