52 unchanged sentences
(ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company;
−Removed: and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
+Added: and (iii) provide reasonable assurance regarding prevention or timely
+Added: detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
13 unchanged sentences
Receivable from accrued interest
−Removed: Redemption Payable
Accrued Sponsor’s fee
35 unchanged sentences
Invesco CurrencyShares ® Australian Dollar Trust
−Removed: Statement of Changes in Shareh olders’ Equity and Redeemable Capital Shares
+Added: Statement of Changes in Shareholders’ Equity and Redeemable Capital Shares
For the Year Ended December 31, 2023
62 unchanged sentences
In addition, the Trust monitors for material events or transactions that may occur or become known after the period-end date and before the date the financial statements are issued.
+Added: Segment Reporting
+Added: In November 2023, the FASB issued Accounting Standards Update 2023-07, Segment Reporting (Topic 280):
+Added: Improvements to Reportable Segment Disclosures (“ ASU 2023-07 ”), with the intent of improving reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment's profit or loss and assess potential future cash flows for each reportable segment and the entity as a whole thereby enabling better understanding of how an entity's segments impact overall performance.
+Added: The Trust represents a single operating segment.
+Added: Subject to the oversight and, when applicable, approval of the Board of Managers, the Trust's Sponsor acts as the Trust's chief operating decision maker (“CODM”), assessing performance and making decisions about resource allocation.
+Added: The CODM monitors the operating results as a whole and the Trust's long-term strategic asset allocation is determined in accordance with the terms of its prospectus based on a defined investment strategy.
+Added: The financial information provided to and reviewed by the CODM is consistent with that presented in the Trust's financial statements.
+Added: Adoption of the new standard impacted the Trust's financial statement note disclosures only and did no t affect the Trust's financial position or the results of its operations.
Foreign Currency Translation
2 unchanged sentences
The Trust maintains its books and records in Australian Dollars.
−Removed: For financial statement reporting purposes, the U.S.
−Removed: Dollar is the reporting currency.
+Added: For financial statement reporting purposes, the USD is the reporting currency.
As a result, the financial records of the Trust are translated from Australian Dollars to USD.
5 unchanged sentences
Any interest below zero for the period is reflected as interest expense on currency deposits.
−Removed: The Depository may change the rate at which interest
−Removed: accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
+Added: The Depository may change the rate at which interest accrues, including reducing the interest rate to zero or below zero, based upon changes in market conditions or based on the Depository’s liquidity needs.
Distributions
44 unchanged sentences
This equates to 64,347,970 USD.
−Removed: For the year ended December 31, 2022 , there were Australian Dollar principal deposits of 34,667,570 , Australian Dollar principal redemptions of 49,506,491 and Australian Dollar withdrawals (to pay expenses) of 407,222 , resulting in an ending Australian Dollar principal balance of 118,776,794 .
−Removed: This equates to 80,548,483 USD (which includes USD redemptions payable).
+Added: For the year ended December 31, 2023 , there were Australian Dollar principal deposits of 29,694,198 and Australian Dollar principal redemptions of 34,643,231 resulting in an ending Australian Dollar principal balance of 113,827,761 .
+Added: This equates to 77,670,560 USD.
Net interest, if any, associated with creation and redemption activity is held in an Australian Dollar-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.
15 unchanged sentences
Individual investors cannot purchase or redeem Shares in direct transactions with the Trust.
−Removed: Only Authorized Participants (as defined below) may place orders to create and redeem Baskets.
+Added: Only Authorized Participants (as defined below) may place orders to
+Added: create and redeem Baskets.
An Authorized Participant is a Depository Trust Company (“DTC”) participant that is a registered broker-dealer or other institution eligible to settle securities transactions through the book-entry facilities of the DTC and which has entered into a contractual arrangement with the Trust and the Sponsor governing, among other matters, the creation and redemption process.
18 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.