Statutory reporting is the mandatory submission of financial and non-financial information to a
government agency. Each industry has its own set of laws and regulations (statues) that
mandate reports. In many countries, International Financial Reporting Standards (IFRS)
has replaced country-specific Generally Accepted Accounting Principles for statutory
reporting.
See also: compliance,
Sarbanes-Oxley Act (SOX), Securities Exchange
Commission (SEC)
This was last updated in March 2012
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