Importance of Audit and Accounting Standard in Private Companies Private companies are lowering their lease accounting standards. According to a new survey, approximately 40% of private companies are planning to implement the new lease accounting standard late or have not…

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…