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Finpro GAAP Knowledge Quest

Overview By the end of the year 2021, some major interbank offer rates such as LIBOR, EURIBOR, TIBOR will cease to be published and will be replaced by new interest rate benchmarks. This poses challenges for accounting of broad range of financial products and contracts which use these interbank offer rates as benchmarks. To address...

Reporting for Initial Public Offerings (IPO) – Restatement adjustments

In the previous blog of the series on IPO reporting, we evaluated about the accounting framework applicable for the IPO. Accordingly, issuer company shall prepare restated consolidated financial information to be presented in the offer document based on reporting framework in which they have prepared their latest financial statements before filing offer document. Even if...

IPO Restatement and Reporting Framework

Background Many companies choose an option of Initial Public Offering (IPO) to raise substantial amount of money from capital market. IPO is one of the event in the lifecycle of the company and can fuel the growth of the company. Company coming up with an IPO requires to spend significant amount of time and money...

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