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Notices

Updated ACFID Code of Conduct Guidance Document Section 5 - Finances (September 2010)

Minor changes have been made to Section 5 of the Guidance to reflect recommendations made by accounting firm Bird Cameron.

These changes ensure the Code is compliant with current applicable accounting standards.

The Guidance Document now includes information on the revised Complaints Handling Procedure (Section 8) and the Code of Conduct Committee's Inquiry Protocol (Section 9).

Section 5 Finances underwent a comprehensive review in 2009. The most notable change was the introduction of differential reporting.

The revised Section 5 Finances became effective on 1 January 2010. All signatories are encouraged to review the new financial reporting formats. Code Compliance Training, incorporating the revised Section 5 Finances, will be conducted mid-April 2010. Full details of the training will be available at ACFID training as they are finalised.

Revised financial reporting implementation dates are:

- for financial year-end 31 December 2010 — first report in revised format due by 11 May;
- for financial year-end 31 March 2011 — first report in revised format due by 11 August;
- for financial year-end 30 June 2011 — first report in revised format due by 11 November; and
- for financial year-end 31 September 2011 – first report in revised format due by 12 February.