'Five steps to simplifying financial statements — today'

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27 Nov 2015

Chartered Professional Accountants of Canada (CPA Canada) has published a guide outlining an approach for simplyfing financial statements by reducing disclosure overload, without the use of significant resources.

The five steps for achieving described in the publication and also explained in a short video are:

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

Please click to access the publication and the video on the CPA Canada website.

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