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Essay Details:
Essay text:
The main objective is to have a non-volatile financial statement and to maximize profits about future earning prospect.
Bank:
They would like to see a reliable and audited financial statement in accordance to GAAP. This would allow them to compare and evaluate SIL to see if they claim for addition funding for their project is viable. To make sure that their mortgage claims are good and it is not violating the debt covenants. They will advance 85% payment of the cost.
Securities Commission:
They are the main users because SIL has to submit their audited financial statements for the securities commission to review...
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