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  • A Report on the Analysis of the Contradiction between Accounting Standards, Contingency Reserves and Natural Hazards

    Working Paper, the bimonthly educational, exploratory, and analytical journal, in its 45th edition has dealt with accounting standards in the context of contingency reserves and natural hazards.

    This edition of the journal attempts to provide a model compatible with the less frequent but high and severe losses, according to PRIAO, IRC.

    In this report, the necessity of considering a reserve with a contingency plan and natural hazards in terms of technical and legal dimensions and the international financial and reporting standards is explained. It also further discusses IFRS and UK GAAP and FRC.




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