Other documents you need to include with your MFR

Your accountant fills in your MFR using information from your accounts.  As evidence, we need to see the relevant financial details used to prepare the report.

To meet this requirement, your accountant must create ‘Special Purpose’ financial statements.

Types of Special Purpose financial statements

To allow for variations in the types of financial statements different licensees will require, we don’t provide a specific list but at a minimum, you must include the following:

  • Profit and Loss Statement (Statement of Financial Performance)
  • Balance Sheet (Statement of Financial Position)
  • A document that notes the financial statements which at least disclose the minimum accounting policies adopted in the preparation
  • Signed Directors statement (if a company)
  • Signed compilation report.

Audited financial statements

There are further requirements for applicants or licensees subject to ASIC Audit requirements, for example full notes to accounts. For more information, see 7.5 in the Minimum Financial Requirement booklet.