What is the purpose of an Operating and Financial Review (OFR)?
A、To provide the board of directors with a narrative statement by the audit committee of its findings on the efficacy of internal operational and financial controls
B、To set out the directors' analysis of the business, in order to provide investors with a historicaland prospective view through the eyes of management
C、To provide a statement that the company is a going concern
A、To provide the board of directors with a narrative statement by the audit committee of its findings on the efficacy of internal operational and financial controls
B、To set out the directors' analysis of the business, in order to provide investors with a historicaland prospective view through the eyes of management
C、To provide a statement that the company is a going concern
【参考答案及解析】
Rationale: This is the definition used by the Accounting Standards Board. Option C is another corporate governance report that may be required. Option A is just a distractor
Rationale: This is the definition used by the Accounting Standards Board. Option C is another corporate governance report that may be required. Option A is just a distractor