UK Accounting Glossary
Reporting financial information to those users with a valid claim to receive it, but who are not allowed access to the day-to-day records of the business.
External reporting is the issuance of financial statements to parties outside of the reporting entity. The recipients of such reports are usually investors, creditors, and lenders, or those who need the information to evaluate the financial condition of the reporting entity.
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Definitions for External Reporting are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.