Prepare a 2 page newsletter that identifies and summarises developments and changes in the financial reporting environment for the quarter from 1 May to 31 July 2016.
Detailed guidelines for completing this task:
1. Identification of changes and developments
This will involve extensive research on a number of sources over the required period. You will need to identify and consider developments/changes relating to:
•    Technical issues such as the issue of new accounting standards, exposure drafts or other pronouncements or interpretations.
•    Regulation and monitoring of financial reporting.
•    Political influences or other potential developments. 'Political' does not only mean action from politicians – it would include lobbying/actions by other groups to promote their own interests – for example there may be articles about companies, or particular interest groups such as Group of 100, saying that if certain accounting standards are introduced this will disadvantage or have a negative impact.
You will need to consider both local (Australian) and international sources and developments.

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