Presentation1.ppt auditing
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The document discusses disclosure requirements for financial statements including the need to provide comparative information across periods, explain changes to financial statement presentation, and disclose accounting policies, judgments, estimates, assumptions, and sources of estimation uncertainty. It also states that notes should provide relevant information not presented elsewhere and that an entity should disclose information about its objectives, policies, and processes for financial reporting.
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Presentation1.ppt auditing
- 1. Entity shall disclose comparative information. Include comparative information for narrative and descriptive information. Changes the presentation or classification of items in its financial statements. An entity to present in a statement of changes. All non-owner change in equity are statement of comprehensive income. Items of income, expense in a period in profit or loss unless an IFRS requires or permits otherwise.
- 2. The notes shall: Present information about the basis of preparation of the financial statement and the specific accounting policies used in accounting with paragraphs. Disclose the information required by IFRS that is not presented elsewhere in the financial statement.
- 3. Provide information that is not presented elsewhere in the financial statement, but is relevant to an understanding of any o them.
- 4. An entity shall disclose: Summary Accounting policies Other notes The judgments Estimations Assumptions Estimations uncertainty at the end of the reporting period.
- 5. Evaluation the entity's Objectives Policies Processes