The Australian Water Accounting Standard 1 (AWAS 1) was published by the Water Accounting Standards Board (WASB). AWAS 1 prescribes the basis for preparing and presenting a General Purpose Water Accounting Report (GPWAR). It sets out requirements for the recognition, quantification, presentation and disclosure of items in a GPWAR. The document also includes three appendices: a list of defined terms; illustrative guidance; and a basis for conclusions outlining the discussion and assumptions that informed its development.
Industry sectors covered by the instrument
Organizations covered by the instrument
All reporting entities
Type of instrument
Mandatory or voluntary
The geographical scope