Company: FXA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027258
Chunk: 33

Company: Invesco CurrencyShares Australian Dollar Trust
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 33
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 reported amounts of revenue and expenses during the period covered by this report.

In addition to the description below, please refer to Note 3 to the financial statements for further discussion of our accounting policies.

The functional currency of the Trust is the Australian Dollar in accordance with ASC 830, Foreign Currency Translation.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Except as described above with respect to fluctuations in the Australian Dollar/USD exchange rate and changes in the nominal annual interest rate paid by the Depository on Australian Dollars held by the Trust, the Trust is not subject to market risk.  The Trust does not hold securities and does not invest in derivative instruments.

 16

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

Index to Financial Statements

    Documents
     
    Page

    Report of Management on Internal Control Over Financial Reporting
     
    18

    Report of Independent Registered Public Accounting Firm (PCAOB ID 238)
     
    19

    Statements of Financial Condition at December 31, 2024 and 2023
     
    21

    Statements of Comprehensive Income for the Years Ended December 31, 2024 and 2023 
     
    22

    Statement of Changes in Shareholders’ Equity and Redeemable Capital Shares for the Year Ended December 31, 2024 
     
    23

    Statement of Changes in Shareholders’ Equity and Redeemable Capital Shares for the Year Ended December 31, 2023
     
    24

    Statements of Cash Flows for the Years Ended December 31, 2024 and 2023 
     
    25

    Notes to Financial Statements
     
    26

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Report of Management on Internal Control

Over Financial Reporting

Management of Invesco Specialized Products, LLC, as sponsor (the “Sponsor”) of the Invesco CurrencyShares® Australian Dollar Trust (the “Trust”), is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles.