A Simpler Standard for Small Entities

In Singapore and many other countries around the world, laws or regulations require most small and medium-sized entities (SMEs) to publish general purpose financial statements and have them audited (typically subject to an audit exemption threshold). The rational is that stakeholders such as banks,...

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Main Author:	WANG, Jiwei
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2013
Subjects:	accounting small enterprises Singapore Accounting
Online Access:	https://ink.library.smu.edu.sg/soa_research/1176 http://www.cpaaustralia.com.au/documents/getting-accounting-right.pdf
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soa_research-2176
record_format	dspace
spelling	sg-smu-ink.soa_research-21762014-01-13T09:54:25Z A Simpler Standard for Small Entities WANG, Jiwei In Singapore and many other countries around the world, laws or regulations require most small and medium-sized entities (SMEs) to publish general purpose financial statements and have them audited (typically subject to an audit exemption threshold). The rational is that stakeholders such as banks, suppliers, customers, rating agencies, venture capitalists, and outside investors all use the financial statements of SMEs to make lending, credit and investment decisions. SMEs also have incentive to provide high quality and comparable information to their stakeholders because high quality financial information will help them to reduce their cost of both debt and equity capital. 2013-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soa_research/1176 http://www.cpaaustralia.com.au/documents/getting-accounting-right.pdf Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University accounting small enterprises Singapore Accounting
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	accounting small enterprises Singapore Accounting
spellingShingle	accounting small enterprises Singapore Accounting WANG, Jiwei A Simpler Standard for Small Entities
description	In Singapore and many other countries around the world, laws or regulations require most small and medium-sized entities (SMEs) to publish general purpose financial statements and have them audited (typically subject to an audit exemption threshold). The rational is that stakeholders such as banks, suppliers, customers, rating agencies, venture capitalists, and outside investors all use the financial statements of SMEs to make lending, credit and investment decisions. SMEs also have incentive to provide high quality and comparable information to their stakeholders because high quality financial information will help them to reduce their cost of both debt and equity capital.
format	text
author	WANG, Jiwei
author_facet	WANG, Jiwei
author_sort	WANG, Jiwei
title	A Simpler Standard for Small Entities
title_short	A Simpler Standard for Small Entities
title_full	A Simpler Standard for Small Entities
title_fullStr	A Simpler Standard for Small Entities
title_full_unstemmed	A Simpler Standard for Small Entities
title_sort	simpler standard for small entities
publisher	Institutional Knowledge at Singapore Management University
publishDate	2013
url	https://ink.library.smu.edu.sg/soa_research/1176 http://www.cpaaustralia.com.au/documents/getting-accounting-right.pdf
_version_	1770571741560569856

A Simpler Standard for Small Entities

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