• fr-local-news

ACRA Issues Financial Reporting Practice Guidance No 1 of 2023 – Areas of Review Focus for FY2023 Financial Statements

ACRA has issued the Financial Reporting Practice Guidance No. 1 of 2023 which highlights pertinent financial reporting areas that require closer attention by directors when reviewing the FY2023 financial statements. This year, macroeconomic and geopolitical uncertainties continue to have significant impact on financial reporting and the effects of climate change are more prominent than ever.  ACRA has also included developments that directors should pay attention to, and covered areas Audit Committees should pro-actively engage their external auditors on, to drive consistent and high-quality audits.


Read more