Financial reporting and NFRS-related services cover review of accounting policies, presentation of financial statements, disclosure requirements and transition or implementation support. The scope depends on the applicable reporting framework, nature of the entity, available records and specific engagement requirements.
Service areas include NFRS implementation support, NFRS for SMEs support, accounting policy review, disclosure and presentation support and transition or conversion support. The work is based on applicable standards, available records, management explanations and the purpose of reporting.
Management remains responsible for approval of financial statements and accounting judgments. The firm provides professional support within the scope agreed for the engagement.