Global Financial Reporting

Global Financial Reporting refers to the standards and practices used by companies around the world to prepare and present their financial statements. These reports provide vital information about a company’s financial health, performance, and cash flows, allowing investors, regulators, and stakeholders to make informed decisions. The goal is to ensure transparency and comparability across different countries, often guided by international frameworks like International Financial Reporting Standards (IFRS). This helps to build trust and stability in global markets, enabling businesses and investors to operate effectively across borders.