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ce section in the annual report. Cohen, Krishnamoorthy and Wright (2004) recommend that CG can be one of the main functions in ensuring the quality of financial reporting.

2.5.4 审计人员报告——2.5.4 Auditors' Report

This report is issued by the external auditors to the shareholders of the company. It gives a report of the work that they performed during their audit and the respective responsibilities of both the directors and themselves. The main part of this report concerns the opinion paragraph where the auditors express an opinion about the financial position of the company and whether the financial statements have been prepared in accordance with the IFRS. The auditors also express an opinion on the financial performance and the cash flow position of the company and states whether the financial statements comply with the requirements of Companies Act 2001.

2.5.5 Corporate social responsibilities (CSR)

CSR can be described as the 'process of communicating the social and environmental effects of organisations' economic actions to particular interest groups within society' (Gray et al 1996 p.3). Corporate social disclosure is referred as the provision of financial and non financial information that intend to discharge social accountability of an organisation (Gray et al 1987).Gelb and Strawser (2001) states that CSR disclosure is a form of socially responsible behaviour, thus by providing more information to the public will help companies to meet their responsibilities towards their stakeholders in a better way.

However research has shown that most users use the information of financial statements for financially based decisions. IAS 1, of IASB, 2004: (para.7) states that the objective of financial statements 'is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions'.

So the financial statements are made as follows:

Statement of financial position

Statement of comprehensive income

Statement of changes in equity

Statement of cash flow

notes to the account

2.5.6财政状态表——2.5.6 Statement of financial position

This statement provides a snapshot summary of what a business owns or is owed-assets-and what it owes-liabilities-at a particular date thus it is referred as a statement of net worth. It shows how solvent a business is, how liquids its assets are and how much capital is being spent.

It also consists of non-current assets, current assets, capital and reserves, non-current liabilities and current liabilities. The non-current can be classified as assets that are not quickly and easily realizable, and current assets are assets that can be readily convertible into cash within a short time. Furthermore share capital represents amount receives in respect of shares issued by a particular company, non-current liabilities and current liabilities are obligations that are not aimed to be liquidated within a year and one that are expected to be settled within one year respectively.

2.5.7全面收益表——2.5.7 Statement of comprehensive income

The main purpose of the comprehensive income statement is to report a company's earnings over some pointing period of time. This statement reflects the 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。