Water Accounting Standards Board
Introduction
Accounting for volumes and values of water allocated and traded across Australia in a consistent way is necessary for good economic, social and environmental outcomes.
However, the current accounting systems often prevent our outputs and understandings from matching up.
The Water Accounting Standards Board (WASB) is working with the water industry to develop consistent standards for water accounting. We are an independent advisory board to the Bureau of Meteorology.
The Bureau will use the new Exposure Draft of Australian Water Accounting Standards (ED AWAS 1) when preparing the National Water Account 2010.
Information sheet
For an overview of water accounting, download the Bureau's Information Sheet 8: Accounting for Australia's Water (PDF 484 KB).
What's new?
The Auditing and Assurance Standards Board and the Water Accounting Standards Board have issued a joint consultation paper: Assurance Engagements for General Purpose Water Accounting Report. Input is sought from stakeholders in relation to the development of a standard for assurance engagements on general purpose water accounting reports.
Water Accounting Standards Board: International water accounting
Consistent with its terms of reference, WASB requested WASBO to undertake a desktop review of relevant water accounting and reporting activities around the world, to analyse the opportunities to develop linkages with similar bodies and to present the results in an internal report to WASB. In the interests of transparency and knowledge exchange, WASB has elected to publish this report.
Independent views
The WASB section of this website contains some discussion and draft content that represents our independent views. It may not have been endorsed by all parties to the National Water Initiative (PDF 348KB)
