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What's the difference between special-purpose financial report and general purpose financial report?

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Question ajoutée par Tito Malupo
Date de publication: 2016/02/15

The difference between the two types of report is the special purpose framework.  Normally, reports intended for public consumption will adopt a general purpose framework. Special purpose financial reports are usually compiled for the use of internal users such as management staff or specific external users, for instance government bodies or banks. 

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