31386 paragraphs found
The financial report may be prepared in accordance with a financial reporting framework designed to meet: The common financial information needs of a wide range of users (that is, a “general purpose financial report”); or The financial information …
The applicable financial reporting framework often encompasses financial reporting standards established by an authorised or recognised standards setting organisation, or legislative or regulatory requirements. In some cases, the financial reporting …
An applicable financial reporting framework that may be used in preparing a financial report is represented by the Australian Accounting Standards issued by the Australian Accounting Standards Board (AASB), and relevant law, such as the Corporations …
The requirements of the applicable financial reporting framework determine the form and content of a financial report. Although the framework may not specify how to account for or disclose all transactions or events, it ordinarily embodies sufficient …
Some financial reporting frameworks are fair presentation frameworks, while others are compliance frameworks. Financial reporting frameworks that encompass primarily the financial reporting standards established by an organisation that is authorised or …
The requirements of the applicable financial reporting framework also determine what constitutes a financial report. In the case of many frameworks, a financial report is intended to provide information about the financial position, financial performance …
ASA 210 establishes requirements and provides guidance on determining the acceptability of the applicable financial reporting framework. [5] ASA 800 deals with special considerations when the financial report is prepared in accordance with a special …
Because of the significance of the premise to the conduct of an audit, the auditor is required to obtain the agreement of management and, where appropriate, those charged with governance that they acknowledge and understand that they have the …
The mandates for audits of financial reports of public sector entities may be broader than those of other entities. As a result, the premise, relating to management’s responsibilities, on which an audit of the financial report of a public sector entity …