| Read the JSE's latest Proactive Monitoring Report |
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The JSE issues an annual report outlining its review of entities’ financial statements that have listed equity and debt instruments. The review includes entities that report on IFRS Standards (equity issuers) and Standards of GRAP (some debt issuers).
The review is aimed at improving the quality of the financial statements in the market to ensure that investors have the necessary information to make informed decisions.
The report highlights issues that are pervasive and relevant regardless of the reporting framework applied. In particular, the report highlights issues with the following: Incorrect, or non-application of materiality in the preparation of the financial statements. The need for more comprehensive information about judgements, assumptions, and estimates used to prepare the financial statements. The need for better described/defined accounting policies and avoiding “boilerplate” disclosures. Various issues related to the presentation and compilation of the cash flow statement. The full report can be accessed by following thislink. |
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