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SME
Refers to small and medium-sized enterprises, which are businesses with a limited number of employees and revenue, playing a significant role in the economy.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally accepted for financial reporting by publicly traded companies.
Financial Reporting Requirements
Legal or regulatory obligations that entities must follow when presenting their financial information to ensure transparency and accountability.
IAS 1
International Accounting Standard 1, prescribing the basis for presenting general purpose financial statements.
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