Financial statements are prepared at the end of each reporting period., , Revenue is recognised when the service is provided to the customer., , All transactions are recorded in the accounting system on a daily basis., , Costs are carefully monitored by management to ensure efficiency., , Financial performance is analysed by senior managers every quarter., , Internal controls are not implemented properly in some companies., , Expenses are reduced in order to improve profitability., , The annual report is prepared in accordance with international standards., , Tax liabilities are calculated based on the company’s profit., , Some financial risks are not identified at an early stage., , Additional notes are included in the financial statements for clarity., , Assets are measured at fair value in this report., , Incorrect data is not accepted by the accounting system., , Financial information is disclosed to investors on a regular basis., , All relevant documents are reviewed before the audit is conducted., .

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