Due to its complexity and wide-range of risks inherent with the use of financial statement, developing an audit approach for financial instruments is crucial. Paradoxically; on...
Following on the Financial Instruments Disclosures Part 1—where we have discussed about disclosures of financial instruments by categories, reclassifications disclosures, derecognition of financial assets disclosures, and...
What is exactly financial instrument? Financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity...