IASC proposes guidance on interim financial reporting.
Interim financial information is used by investors and creditors, and securities regulators and stock exchanges in more than 30 countries currently require interim reporting. However, there are no lASs that specifically address reporting financial information for interim periods. The DSOP proposes that such reports include, at a minimum, a condensed income statement, balance sheet and cash flow statement and selected note disclosures.
Copies of the Draft Statement of Principles on Interim Financial Reporting can be obtained for approximately $8 by calling the IASC in London at +44 (171) 353-0565.
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|Title Annotation:||International Accounting Standards Committee|
|Publication:||Journal of Accountancy|
|Article Type:||Brief Article|
|Date:||Dec 1, 1996|
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