JFMH is currently in the process of completing its 2018 audited financial statements and
interim statements, upon completion, Fitch will spend more time discussing fiscal 2018 with JFMH.
Because
interim statements do not disclose Saudi banks' past due not impaired (PDNI) loans, comparison to the previous period is problematic.
KUWAIT, Nov 16 (KUNA) -- The Kuwait Stock Exchange (KSE) suspended Sunday 18 companies for failing to reveal their
interim statements for the period ending on September 30th, 2014.
The 2011
interim statements also require a number of reconciliations between the amounts reported in 2010 and the restated 2010 numbers in the 2011 financial statements prepared using IFRS.
And he added: "Whether Lord Fraser wants to produce any
interim statements at any stage along the way, and how he wants to conduct the timing of that inquiry is entirely a matter for Lord Fraser."
"Although the results do not meet the group's ambitions, it is satisfactory to note that the on-going targets announced in the 2002
interim statements and quarterly reports were met, despite the difficult market conditions," Danfoss said in a statement.
Even before this requirement, the Big 5 public accounting firms had subjected their clients'
interim statements to auditor review; in fact, review of
interim statements was a condition of the audit engagement.
The board specifically requests comments on
interim statements guidance.
As is the case with for-profit loan proposals, nonprofits are expected to provide audited financial statements for the past three years, along with
interim statements not more than 60 days old.
SSARSs apply to both annual and interim financial statements, although they do not address issues unique to
interim statements. SAS no.