Procedures for handling individual cases
Article Abstract:
The procedures adopted by the Financial Reporting Review Panel (FRRP) for financial declarations that do not comply with section 245 of the Companies Act of 1985 are presented. The general principles of FRRP procedures are listed and a detailed approach for handling individual cases is defined. Procedures are presented for: material disclosed departures (category a cases), undisclosed but apparently significant departures (category b cases), and apparently minor issues (category c cases). Matters relating to voluntary and compulsory revision are also defined.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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New Guide to Professional Ethics
Article Abstract:
The new Guide to Professional Ethics prepared by the Institute of Chartered Accountants in England and Wales, the Institute of Chartered Accountants in Scotland and the Institute of Chartered Accountants in Ireland provides ethical standards to guide the behavior of audit professionals. The new guide covers such areas as the integrity and objectivity of auditors and the conflicts of interest that they must avoid.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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The objective of financial statements and the qualitative characteristics of financial information
Article Abstract:
The Accounting Standards Board's exposure draft (ED) on the development of a Statement of Principles that underlie accounting and financial reporting is presented. The ED identifies the objectives of financial statements and defines the qualitative characteristics that the information disclosed should have. The ED is published in the form of the first few chapters of the Statement of Principles being developed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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