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What information we want?
We want information about procedures or a conditions, designed to keep financial reporting
[in our organization] within what is expected, allowed or accepted.
Based on the table about financial reporting process
we find a need for controls to ensure the following:
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| B01) |
Identification, understanding and priorization of financial reporting needs
and awareness and understanding of financial reporting obligations.
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| B02) |
Putting transaction entries of book-keeping in line with financial reporting assertions.
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| B03) |
Putting transaction entries of book-keeping and balances of assets and debts in line with GAAPs.
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| B04) |
Financial statements' figures as a correct output of book-keeping.
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| B05) |
Complience of organization's inner instructions when producing financial statements.
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| B06) |
Financial reporting appendixes [and/or notes] as complements
of true and fair view of the financial statements.
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| B07) |
Explanation of contents and backgrounds of financial statements
and presentation of all information required by regulations.
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| B08) |
Publishment of financial reporting to target audiances timely
and delivering information required by regulations to those entitled to it.
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| B09) |
Controls in the organization's financial reporting process that the staff relies least,
and reasons for the non-reliance.
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