Olivia Zuzarte asked 3 months ago
For restricting use and distribution …we don’t make omp para ? In sa 800 @ravitaori
Bcz while making notes i wrote …that description of purpose of special purpose frf is done in emp and restriction and alerting abt use is done in omp?
1 Answers
Ravi Staff answered 3 months ago
Generally for highlighting special purpose framework which is explained in notes to accounts we out EMP “basis of accounting” and for restricting its circulation and usage we can put OMP.
But SA 800 says that if required we can club them in one common paragraph as they are connected to each other.
So don’t worry SA 800 has given flexibility of clubbing EMP and OMP which are connected to same matter .