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FRS 102 Overviewing: Kathleen Bonner, Roman Waters Date: 20/10/2016Hello and Welcome A little about representation Outline Office of the Comptroller and Auditor General (CAG)audit function CAG FRS102
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FRS 102 is a financial reporting standard that sets out the guidelines for the preparation and presentation of financial statements.
FRS 102 overview must be filed by companies that fall under its scope, including those that are required to prepare financial statements in accordance with the standard.
To fill out FRS 102 overview, companies need to follow the guidelines set out in the standard, ensure accuracy and completeness of the financial information, and provide all required disclosures.
The purpose of FRS 102 overview is to provide stakeholders with relevant financial information that is reliable, comparable, and transparent.
FRS 102 overview requires companies to report on their financial position, performance, cash flows, and any other information necessary to give a true and fair view of their financial affairs.
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