Mse Checklist
FINANCIAL STATEMENTS DISCLOSURE CHECK LIST FOR MEDIUM-SIZED ENTITIES (MSEs)
The Institute of Chartered Accountants of Pakistan
FINANCIAL STATEMENTS DISCLOSURE CHECKLIST FOR MSEs
NAME OF THE ENTITY _____________________________ FINANCIAL STATEMENTS FOR THE YEAR ______________________________________ NAME OF THE AUDITOR ______________________________ INDEX
Introduction and Explanatory Comments Page No. 1
PART I 1.0 2.0 3.0
General General Disclosure Information Fundamental Accounting Assumptions Significant Accounting Policies 2 4 5
PART II 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 PART III PART IV PART V
Balance Sheet Information to be Presented on the face of the Balance sheet Share Capital Reserves Surplus on Revaluation of Fixed Assets Non-current Liabilities Current Liabilities Contingencies Commitments Events after the Balance Sheet Date Fixed Assets (Other than Investments) Long-Term Investments Long-Term Loans and Advances Long-Term Deposits and Prepayments Current Assets Inventories Income Statement Cash Flow Statement Statement of Changes in Equity 8 9 9 10 10 13 14 15 15 15 17 19 20 20 20 22 26 27
INTRODUCTION AND EXPLANATORY COMMENTS 1
This checklist seeks to provide guidance to the reporting companies and their auditors with regard to the disclosures to be made in the financial statements prepared in accordance with the Accounting and Financial Reporting Standards for Medium-Sized Entities (MSEs) as defined in Institute’s circular No. 06/2007 dated November 02, 2007 and the requirements of the Companies Ordinance, 1984. The checklist is merely a technical practice aid and in no way represents the authoritative pronouncements of the Institute. It does not aim to interpret the statutory disclosure requirements set out in the Fifth Schedule and MSE Standards of ICAP. This checklist seeks to represent minimum requirements and does not purport to be all inclusive and would need review in the light of changes in statutory
The Institute of Chartered Accountants of Pakistan
FINANCIAL STATEMENTS DISCLOSURE CHECKLIST FOR MSEs
NAME OF THE ENTITY _____________________________ FINANCIAL STATEMENTS FOR THE YEAR ______________________________________ NAME OF THE AUDITOR ______________________________ INDEX
Introduction and Explanatory Comments Page No. 1
PART I 1.0 2.0 3.0
General General Disclosure Information Fundamental Accounting Assumptions Significant Accounting Policies 2 4 5
PART II 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 PART III PART IV PART V
Balance Sheet Information to be Presented on the face of the Balance sheet Share Capital Reserves Surplus on Revaluation of Fixed Assets Non-current Liabilities Current Liabilities Contingencies Commitments Events after the Balance Sheet Date Fixed Assets (Other than Investments) Long-Term Investments Long-Term Loans and Advances Long-Term Deposits and Prepayments Current Assets Inventories Income Statement Cash Flow Statement Statement of Changes in Equity 8 9 9 10 10 13 14 15 15 15 17 19 20 20 20 22 26 27
INTRODUCTION AND EXPLANATORY COMMENTS 1
This checklist seeks to provide guidance to the reporting companies and their auditors with regard to the disclosures to be made in the financial statements prepared in accordance with the Accounting and Financial Reporting Standards for Medium-Sized Entities (MSEs) as defined in Institute’s circular No. 06/2007 dated November 02, 2007 and the requirements of the Companies Ordinance, 1984. The checklist is merely a technical practice aid and in no way represents the authoritative pronouncements of the Institute. It does not aim to interpret the statutory disclosure requirements set out in the Fifth Schedule and MSE Standards of ICAP. This checklist seeks to represent minimum requirements and does not purport to be all inclusive and would need review in the light of changes in statutory