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Does an unqualified report on internal controls over financial reporting imply that the company does not have any significant deficiencies in controls?
Terikara
yes
Wiki User
∙ 11y ago
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What is materiality principle?
materiality- financial reporting is concerned only with information that is significant to affect valuations and decisions.
How does GAAP affect financial reporting?
How does GAAP affect financial reporting?
Do financial reporting and financial statement mean the same thing?
"Do the term financial reporting and financial statement mean the same thing?"
Why may regulation of financial reporting be important?
The regulation of financial reporting is important in order to make sure that said financial reporting is accurate and transparent. This, in turn, is important to prevent fraud and malfeasance.
What body has defined the purpose of financial accounting and reporting?
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
What is materiality principle?
materiality- financial reporting is concerned only with information that is significant to affect valuations and decisions.
How does GAAP affect financial reporting?
How does GAAP affect financial reporting?
When was Financial Reporting Council created?
Financial Reporting Council was created in 1990.
Do financial reporting and financial statement mean the same thing?
"Do the term financial reporting and financial statement mean the same thing?"
What determines fair financial reporting?
But in the end, fair financial reporting depends on the integrity of the company's financial team.
When was Financial Reporting Council of Nigeria created?
Financial Reporting Council of Nigeria was created in 1982.
Why may regulation of financial reporting be important?
The regulation of financial reporting is important in order to make sure that said financial reporting is accurate and transparent. This, in turn, is important to prevent fraud and malfeasance.
What is the fourth method the GASB uses to establish standards?
Consider significant areas of accounting and financial reporting that can be improved through the standard-setting process.
What body has defined the purpose of financial accounting and reporting?
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
How does society benefit from the financial reporting process?
what is the process for reporting accidents?
Define public financial management?
what is financial Management reporting
Do the terms financial reporting and financial statement mean the same thing explain?
No they do not mean the same thing. Financial reporting is the more indept report. A financial statment are a subset of the total information in the financial report.
