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As a result of Sir Edmund Andros's rule
IFRS for SMEs
A simplified, self-contained set of accounting principles intended for smaller, less complex entities, based on the full International Financial Reporting Standards (IFRS).
Full IFRS
The complete set of International Financial Reporting Standards that companies may be required to comply with.
Disclosed Basis of Accounting
Refers to a specific accounting practice that a company uses and discloses to its readers, offering clarity on how its financial statements are prepared.
IFRS
International Financial Reporting Standards are globally accepted principles for financial reporting to ensure transparency, accountability, and efficiency.
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