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The complex interplay of global economic outlook, inflationary pressures and climate change mitigation efforts have significant implications for financial reporting practices in FY2024. Companies should carefully consider the impacts of these diverse economic dynamics on their financial statements and future projections.
ACRA’s Financial Reporting Practice Guidance No. 1 of 2024 highlights pertinent financial reporting areas that require closer attention by directors when reviewing the FY2024 financial statements.
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