1. Review the corporate governance disclosures of the companies and determine whether the company complies with the ‘Eight Essential Principles of Corporate Governance’ identified by the ASX. If the company discloses non-compliance, evaluate the reasons provided for non-compliance.

2. Identify various categories of assets and their reported values (current or non-current including intangibles). Compare and comment upon the methods used for valuation of PPE (as per AASB116) and depreciating property, plant and equipment (PPE).

3. Australia has decided to adopt IFRSs. Identify which accounting standards (AASB, IASB, GAAPs or any other standards) the sample companies have used to report their financial accounting information. Evaluate Australia’s decision to adopt IFRSs by providing some arguments for and against this decision.