In April 2004, FASB and the International Accounting Standards Board (IASB) created a joint project on financial statement presentation. The project is part of the memorandum of understanding between ...

Businesses commonly prepare condensed financial statements in addition to the traditional financial statements. Internal preparation of these documents serves several legal purposes and commonly ...

The National Financial Reporting Authority (NFRA), an independent audit regulator, has issued a financial reporting quality review report (FRQRR) on KIOCL Ltd for the financial year 2019-20. The FRQRR ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

Navigating the path to becoming a publicly traded company is a significant milestone for any organization. As a micro-cap IPO advisor and investor, I’ve witnessed how the success of this transition ...

Fraud is a serious concern that can have devastating consequences. With uncertainty about the economy — be it a recession, a soft landing, or something else — there may be no better time than now to ...

The objective of the reporting phase of a financial audit is to present an informed opinion about a business's financial statements, including whether they conform to generally accepted accounting ...

The Ministry of Finance (MoF) convened the“Annual Forum on the Preparation of Financial Statements for Federal Entities for the Fiscal Year 2024” in Dubai, as part of its commitment to enhancing ...