The financial statements and accounting information are not defined in the same way in the international standard. Notes, comprising a summary of significant accounting policies and other explanatory information and any other matter relevant to the understanding of accounts document as earnings per share for the listed companies.
Intelligible – the reader should be able to form an opinion on the company’s business based on the accounting information, Relevant – information should enable the reader to make appropriate economic decisions on the future of the ICO Marketing Agency.
Of relative importance – accounting information to be disclosed if and only if it provides useful elements to the decision. The significance level (common language of financial auditors) depends on the professional judgment. For example, a decline in economic activity of the enterprise may be significant in volume but not significant compared to the revenue generated by the group.