Professional Documents
Culture Documents
Objective:
To provide information about:
the financial position, financial performance, and cash flows of an entity that is useful to a wide range of users in making economic decisions.
The Framework
The International Financial Reporting Standards (IFRS), in particular guidance on presentation and disclosure Local statutory requirements
The Companies Ordinance, 1984, in particular the Fourth/ Fifth Schedule for presentation purposes Directives of the regulatory bodies Industry specific legislation Generally accepted accounting principles
4th schedule applies This includes private companies and public non-listed companies that are subsidiaries of listed companies
TYPE OF REPORT
Directors report
REQUIREMENT OF:
Companies Ordinance 1984
Listing regulations
The auditor may review the information in relation to the accounts under audit