Abstract
Financial reporting plays a crucial role in supporting the efficient functioning of the capital markets. Sound financial reporting increases investors’ confidence, which in turn leads to better capital allocation decisions and economic growth. The International Accounting Standard Board, the European Union Financial Reporting Advisory Group, the Financial Accounting Standard Board, and many other standard-setters are continuously working to improve the financial reporting quality.
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Notes
- 1.
UNCTD (2004): International Accounting Reporting Issues, Chapter 3, p. 54, par. 2.
- 2.
UNCTD (2004): International Accounting Reporting Issues, Chapter 3, p. 59.
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Lessambo, F.I. (2018). Overview of Financial Statements. In: Financial Statements. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-99984-5_1
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DOI: https://doi.org/10.1007/978-3-319-99984-5_1
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