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ROSC A&A Diagnostic Tool – Part II: Review of National Accounting Standards with reference to the International Financial Reporting Standards

Jun 01, 2008 | The World Bank | The World Bank
The purpose of Part 2 of the diagnostic tool is to provide information about the differences between National Standards and IFRS. It should deal separately with entities that are required to use different National Standards or apply the same National Standards differently (for example, as is often the case with banks, insurance entities and other financial institutions). It may also need to deal separately with legal entity and consolidated financial statements.