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AASB 2026-4 answers for finance teams
Five questions financial controllers and audit teams ask first. Each answer is short at the top, then the paragraphs, the dates and the evidence behind it.
Does AASB 2026-4 apply to a superannuation fund?Yes, if the fund prepares Tier 1 general purpose financial statements and applies AASB 1056. The first annual period covered begins on or after 1 January 2028.When does AASB 2026-4 start for a not-for-profit?The instrument commences on 31 December 2027. A not-for-profit entity applies it to annual periods beginning on or after 1 January 2028, which is a different test.What is the operating cash flow reconciliation change?The indirect method now starts at the profit or loss total where there is no operating subtotal, and the direct method reconciliation goes to the same destination. Three paragraphs move together.Which entities are outside AASB 2026-4?Tier 2 and special purpose reporters, most for-profit entities, and higher education providers for the public sector reliefs. The instrument is narrower than its title suggests.What evidence should an auditor ask for under AASB 2026-4?An evidence index, a line item mapping, a paragraph switch-off checklist, the election decisions, a label register and the reconciliation tie-out. Each maps to a paragraph.
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