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The Financial Reporting Council (FRC) today publishes three accounting articles to educate retail investors on (i) asset impairment; (ii) goodwill and (iii) going concern.  The articles are an integral part of the investor education series in collaboration with the Investor and Financial Education Council (IFEC), which is a strategic partner of the FRC to promote financial literacy among the general public.

Dr Kelvin Wong, Chairman of the FRC said, “It is encouraging to learn that our reader-friendly, audit related articles have drawn the attention of the general public and the media.  The FRC takes it as our responsibility to educate the public on essential financial reporting and audit knowledge, thereby enabling them to understand the key messages and implications embedded in the financial statements and the auditor's report.  We will continue to collaborate with the IFEC to roll out more initiatives in future to promote financial literacy among the public."

For details, please click here.