Financial Reporting Panel
Annual Report
2007-2008
© Commonwealth of Australia 2008
ISBN 978-0-642-74479-1
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3 October 2008
Senator the Hon Nick Sherry
Minister for Superannuation and Corporate Law
Parliament House
Canberra ACT 2600
Dear Minister
ANNUAL REPORT 2007-2008
I have pleasure in presenting to you, in accordance with section 239AM of the Australian Securities and Investments Commission Act 2001, the 2007-08 Annual Report on the operations of the Financial Reporting Panel (FRP) for presentation to the Parliament.
The report has been prepared in accordance with the Requirements for Annual Reports for departments, executive agencies and FMA ACT bodies, approved by the Joint Committee of Public Accounts and Audit in June 2008.
The report sets out the FRP's role as the primary adjudicator between ASIC and lodging entities in relation to the application of accounting standards in financial reports and gives an overview of the FRP's operational program, membership, financial information and management.
Yours sincerely
SIGNED
Paul Shannon
Chairman
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