GEN - General - Pro active monitoring of financial statements
JSE
GEN
GEN - General - Pro active monitoring of financial statements
PRO ACTIVE MONITORING OF FINANCIAL STATEMENTS
In February 2011 the Johannesburg Stock Exchange ("JSE") announced that it would
commence a process of reviewing Annual Financial Statements for compliance with
International Financial Reporting Standards ("IFRS"). The integrity of financial
information is a critical element of a well functioning market. The objective of
the review process is therefore to contribute towards the production of quality
financial reporting of entities listed on the JSE.
The JSE wishes to announce that is has published a report which provides an
overview of the proactive monitoring activities in 2011. This report is
available on the JSE website.
This report is intended to be of interest to all market participants, including
Issuers, investors, auditors, other regulators and the general public. It sets
out the important points which came to our attention during the year with a view
to assisting Issuers when they prepare their next set of accounts. By presenting
the points in an uncomplicated manner we also hope that this will help demystify
IFRS for the public.
15 February 2012
Date: 15/02/2012 14:06:01 Produced by the JSE SENS Department.
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