The key strategies to achieve Outcome 1 are: Develop, issue and maintain principles-based Australian accounting and external reporting standards and guidance that meet user needs and enhance external reporting consistency and quality; Contribute to the development of a single set of accounting and external reporting standards for world-wide use.

Office of the Australian Accounting Standards Board The key strategies to achieve Outcome 1 are: * Developing, issuing and maintaining principles-based Australian accounting and external reporting standards and guidance that meet user needs and enhance external reporting consistency and quality* Contributing to the development of a single set of accounting and external reporting standards for world-wide use