AASB 107 Statement of Cash Flows for DPOs
What does AASB 107 Statement of Cash Flows require of a DPO?
The Australian adoption of IAS 7: the duty to present a statement of cash flows, what counts as cash and cash equivalents, classification into operating, investing and financing activities, the direct and indirect methods, gross versus net reporting, foreign currency, interest, dividends and tax flows, business acquisitions and disposals, non-cash transactions, and the disclosures of financing liability movements, supplier finance arrangements, cash components and restricted balances, with the 2027 AASB 18 and 2028 AASB 2026-4 changes noted on the affected leaves. Under AASB 107 Statement of Cash Flows, which defines 22 controls, a DPO's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.
Which AASB 107 Statement of Cash Flows controls land on the DPO
Data Protection Officers oversee privacy compliance, manage data subject rights requests, conduct privacy impact assessments, and serve as the point of contact with data protection authorities. The role is mandatory under GDPR for many organisations.
AASB 107 Statement of Cash Flows defines 22 controls across 5 domains that directly affect the DPO role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a DPO is accountable for under AASB 107 Statement of Cash Flows
Advising the organisation on data protection obligations and best practices
Managing data subject access requests (DSARs) and privacy complaints
Conducting data protection impact assessments (DPIAs) for new processing activities
Maintaining records of processing activities and data flow maps
Serving as the liaison with data protection supervisory authorities
Where DPOs lose time on AASB 107 Statement of Cash Flows
These are the most common obstacles DPOs face when managing AASB 107 Statement of Cash Flows compliance, and how to address them:
Challenge 1
Maintaining visibility over all personal data processing across the organisation
Challenge 2
Managing cross-border data transfer compliance (SCCs, adequacy decisions)
Challenge 3
Keeping privacy notices and consent mechanisms current across all channels
Challenge 4
Responding to DSARs within regulatory timeframes at scale
Challenge 5
Assessing privacy implications of AI and automated decision-making systems
A working order for a DPO starting on AASB 107 Statement of Cash Flows
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against AASB 107 Statement of Cash Flows. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map AASB 107 Statement of Cash Flows controls against other frameworks you already comply with. Identify overlapping controls to reduce duplicate effort.
3. Build Your Toolkit
Equip yourself with AASB 107 Statement of Cash Flows toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for DPOs managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
AASB 107 Statement of Cash Flows in your sector
Who else owns part of AASB 107 Statement of Cash Flows
Questions DPOs ask about AASB 107 Statement of Cash Flows
What does a DPO need to know about AASB 107 Statement of Cash Flows?
How does AASB 107 Statement of Cash Flows affect the DPO role?
What are the biggest AASB 107 Statement of Cash Flows challenges for DPOs?
How should a DPO prepare for a AASB 107 Statement of Cash Flows audit?
What tools help DPOs manage AASB 107 Statement of Cash Flows compliance?
DPO: How ready is your organisation for AASB 107 Statement of Cash Flows?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.