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CPA Canada Guide: Five steps to simplifying financial statements - today

Published on: Apr 30, 2015

These steps are presented with reference to the standards and requirements currently in place and allow management to start simplifying right away. They provide you with an opportunity to add immediate value to an entity’s financial statements, without requiring significant investments of money, time or resources.

The five steps include:

  • make financial reporting a strategic matter
  • focus on materiality
  • refine formatting and presentation
  • apply a truly condensed approach to interim reporting
  • keep looking ahead

Watch the video on the CPA Canada's Web site.

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