December 2023

THE OECD PRINCIPLES OF CORPORATE GOVERNANCE

Introduction Corporate governance is the system by which companies are directed and controlled. The term ‘corporate governance’ means the governance of companies (corporate bodies). Similar issues arise for the governance of other entities, such as government bodies, state-owned entities and non-government organisations such as charities. Cadbury Report (1992). Corporate governance is one key element in […]

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IFRS 17: INSURANCE CONTRACTS

Objective IFRS 17 Insurance Contracts establishes the principles for the recognition, measurement, presentation and disclosure of Insurance contracts within the scope of the Standard. The objective of IFRS 17 is to ensure that an entity provides relevant information that faithfully represents those contracts. This information gives a basis for users of financial statements to assess the effect

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ISA 505 – EXTERNAL CONFIRMATION

ISA 505 – EXTERNAL CONFIRMATION This International Standard on Auditing (ISA) deals with the auditor’s use of external confirmation procedures to obtain audit evidence in accordance with the requirements of ISA 500 (Audit Evidence). As auditors, verifying financial statements isn’t just about number-crunching; it’s about ensuring accuracy, reliability, and trust in the numbers that represent

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