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Promotion of Access to Information Act (PAIA)Manual Of NICRO (Private Body)Prepared and compiled on 20231102 in accordance with Section 51 of the Promotion of Access to Information Act, No 2 of 2000
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Prepared and compiled on refers to the process of creating financial statements that provide a summary of an organization’s financial position, typically involving the collection and presentation of data without extensive auditing.
Businesses and organizations that need to present their financial statements for stakeholders, investors, or lenders are required to file prepared and compiled on.
To fill out prepared and compiled on, gather all necessary financial data, organize it into categories such as income, expenses, and assets, and then compile the data into a structured financial statement format.
The purpose of prepared and compiled on is to provide a clear and concise overview of an organization's financial status, helping stakeholders make informed decisions.
Information that must be reported includes the balance sheet, income statement, cash flow statement, and notes on accounting policies and practices.
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