Non-IFRS financial measures reported by public companies to its financial statement users may be helpful in...
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Non-IFRS financial measures reported by public companies to its financial statement users may be helpful in deosion-makang but caution must be exercised becaune of the independence issue, given that the same auditors audit the financial statements and the non-IFRS financial measures. management defines the measures based on their expertise, judgement and financial reporting needs. tax rules affect the non-IFRS financial measures. the criteria established in the accounting standards for the purposes of calculating non-IFRS financial measures are open to interpretation. Non-IFRS financial measures reported by public companies to its financial statement users may be helpful in deosion-makang but caution must be exercised becaune of the independence issue, given that the same auditors audit the financial statements and the non-IFRS financial measures. management defines the measures based on their expertise, judgement and financial reporting needs. tax rules affect the non-IFRS financial measures. the criteria established in the accounting standards for the purposes of calculating non-IFRS financial measures are open to interpretation.
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The correct answer is the criteria established in the accounting standards ... View the full answer
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 978-0133852103
6th edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
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