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About This ReportCONTENTS0102 Report Description01Reporting Principles01Reporting Scope and Boundary02Information Sources and Reliability Assurance02Confirmation and Approval02Obtain and Feedback
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Who needs reporting principles?
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What is reporting principles?
Reporting principles are guidelines and standards that determine how financial information is reported in order to provide transparency and consistency in financial reporting.
Who is required to file reporting principles?
Businesses and organizations that are required to prepare financial statements are also required to file reporting principles.
How to fill out reporting principles?
Reporting principles are typically filled out by following the guidelines provided by accounting standards such as GAAP or IFRS.
What is the purpose of reporting principles?
The purpose of reporting principles is to ensure that financial information is reported accurately, consistently, and in compliance with accounting standards.
What information must be reported on reporting principles?
Reporting principles typically require the reporting of financial transactions, assets, liabilities, revenues, and expenses.
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