Institute of Chartered Accountants of Pakistan, ICAP, has issued Circular 8, Illustrative Financial Statements and Disclosure Checklist prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) and fifth schedule to the Companies Act 2017.
This document and attached Circular is essential to understand regarding the presentation and disclosure requirements of IFRS for SMEs and fifth schedule to the Companies Act 2017 and in preparation of statutory financial statements of medium sized companies.
Please click below to view both circular and detailed document
Circular No. 8 of 2018 – Illustrative Financial Statements and Disclosure Checklist in accordance with IFRS for SMEs & fifth schedule of the Companies Act 2017 Illustrative Financial Statements for Medium Sized Companies .docx
