https://www.taxtmi.com/news?id=24518 The Financial Reporting Quality Review evaluates preparers' roles and finds significant deficiencies: erroneous accounting policy for foreign exchange forward contracts inconsistent with the Financial Instruments standard; an incorrect revenue accounting policy affecting related assets; and absence of impairment valuation evidence and Board or Audit Committee review for a non operational unit under the Impairment of Assets standard, prompting advice to consider preparing and publishing restated financial statements. en-us Tue, 28 Sep 2021 11:21:12 +0530 Tue, 28 Sep 2021 11:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24518 The Financial Reporting Quality Review evaluates preparers' roles and finds significant deficiencies: erroneous accounting policy for foreign exchange forward contracts inconsistent with the Financial Instruments standard; an incorrect revenue accounting policy affecting related assets; and absence of impairment valuation evidence and Board or Audit Committee review for a non operational unit under the Impairment of Assets standard, prompting advice to consider preparing and publishing restated financial statements. News - Tue, 28 Sep 2021 11:21:12 +0530 https://www.taxtmi.com/news?id=24518