Question: How are reporting entities classified based on Securities Regulation Code of the Securities and Exchange Commission? What financial reporting framework should be adopted by each

How are reporting entities classified based on Securities Regulation Code of the Securities and Exchange Commission?

What financial reporting framework should be adopted by each classification of reporting entity in the question above?

What is the objective of the Securities and Exchange Commission? What types of information are presented in the Notes to the Financial Statements?

Why should financial statements be communicated at least annually?

How is the feature of materiality and aggregation applied in the presentation of financial statements?

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