Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 1 - IFRS Insights - IFRS Concepts and Application - Instructions - Page 40: IFRS1-6b

Answer

First, an external/ autonomous auditor's report prepared by auditing entities like Deloitte could convey information about an entity. Second, information could be communicated through the supplementary notes accompanying financial statements. Third, information could be relayed through the Management Discussion and Analysis (MD&A) compiled by the management. Fourth, thorough minutes of shareholders could be utilized to communicate about an entity's financial performance.

Work Step by Step

First, an external/ autonomous auditor's report prepared by auditing entities like Deloitte could convey information about an entity. Second, information could be communicated through the supplementary notes accompanying financial statements. Third, information could be relayed through the Management Discussion and Analysis (MD&A) compiled by the management. Fourth, thorough minutes of shareholders could be utilized to communicate about an entity's financial performance.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.