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The end of ’special purpose’ financial statements is coming

The potential end of so-called "special purpose" financial statements has caused an uproar in accounting circles.

The end of ’special purpose’ financial statements is coming
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The end of ’special purpose’ financial statements is coming

At the moment, all companies are required to maintain financial records, and prepare financial reports that should comply with accounting standards.

Read the full article at the Australian Financial Review.

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