- financial reporting
- The preparation and dissemination of *financial statements. "Corporate financial reporting is essentially an information system designed to construct and represent abstractions of the state and effects of specific empirical events which comprise the business activity of a corporate organization" (Lee, 1993, 138). Financial reporting in most countries is guided by a combination of legislation and *Generally Accepted Accounting Principles, and it is normally subject to *external auditing.
Auditor's dictionary. 2014.
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