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17 February 2010 CIRCULAR 2010 × 1 ADOPTION OF SABCA GUIDANCE FOR AUDITORS THE AUDIT OF ATTORNEYS Trusts ACCOUNTS AND RECOMMENDED WORDING FOR ATTORNEYS TRUST ACCOUNT ENGAGEMENT LETTERS AND AUDIT
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Circ 1 recommended wording is a set of guidelines to be followed when disclosing information in financial reports.
All companies that are required to submit financial reports, including public companies.
Circ 1 recommended wording should be filled out following the specific guidelines provided by the regulatory body.
The purpose of circ 1 recommended wording is to ensure that financial information is accurately and transparently reported.
Information such as revenue, expenses, assets, liabilities, and equity must be reported on circ 1 recommended wording.
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