What is Financial Accounting and Reporting Rules for Enterprises (“FARR”)?
In 2000, the State Council of the PRC issued Financial Accounting and Reporting Rules for Enterprises (“FARR”). It focuses on financial accounting and reporting matters such as bookkeeping, preparation of financial statements, and reporting practices. It applies to all enterprises other than very small ones that do not raise funds externally.
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- What is Financial Accounting and Reporting Rules for Enterprises ("FARR")?
