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Other matter paragraph

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Other matter paragraph

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Kim Smith.
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  • April 5, 2020 at 2:09 pm #566578
    toushiga
    Participant
    • Topics: 424
    • Replies: 171
    • ☆☆☆☆

    Sir,in the opentuition note, [for circumstance in which other matter paragraphs may be necessary]:”Where the auditor reports on two sets of financial statements prepared under the different general purpose framework(e.g: national framework and IFRS)”

    Why one annual report has two sets of financial statement that prepared under two different framework?

    Thank you.

    April 6, 2020 at 7:56 am #566615
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8439
    • ☆☆☆☆☆

    National gaap for domestic filing purposes (statutory requirement) and IFRS for some other purposes – e.g. distribution to foreign investors.

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