Browsing: Reporting

GomSpace posts above-market 30% revenue growth, improved profitability with 11% EBITDA and positive EBIT, and a strengthened balance sheet with equity ratio increase to 41%, while progressing its shift toward sovereign solutions and long-term value creation.

This is the fifth and final article in a series on Pakistan’s broken public financial reporting system. The first asked why parliament approves new budgets without audited actuals. The second examined a system in which many institutions handle government numbers but no one clearly owns them. The third argued that the finance minister and the…

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Mirage News Mirage News Mirage NewsBusiness24 Aug 2026 2:50 pm AESTDate Time AICD

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Recently, professionals from Forvis Mazars closed out 2025 during the Q4 2025 Quarterly Perspectives; Financial Reporting & Beyond webcast with a discussion on critical developments in financial reporting and auditing, emphasizing regulatory uncertainty, communication challenges, political influences on standard setting, insights from the AICPA Conference, and fraud prevention. These themes reflect the evolving landscape for…

California is implementing a sweeping new statutory framework that will require venture capital firms and certain other private investment vehicles with a California nexus to collect and report, on an anonymized basis, certain aggregated demographic information of their portfolio companies’ founding teams on an annual basis.

On December 5, 2025, the SEC staff announced an updated version of the Division of Corporation Finance’s Financial Reporting Manual (FRM) with certain sections updated as of December 4 (December 2025 FRM).

Earlier this year, media reports highlighted signs of stress in the private credit market, including concerns over lending standards, after multiple high‑profile borrowers defaulted and investor redemption activity intensified, prompting several prominent asset managers to impose investor redemption limits (often referred to as “gates”). Stress in the private credit market may directly impact investors in…

GASB Statement No. 103 (GASB 103), Financial Reporting Model Improvements, refines the financial reporting model established by GASB 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, tightening expectations around clarity, consistency, and analysis across the financial report.