Economics · Corporate Governance
What is the purpose of an Operating and Financial Review (OFR)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To serve as a legally required compliance checklist for tax authorities.
- 2To provide a statement that the company is a going concern.
- 3To set out the directors' analysis of the business, in order to provide investors with a historical and prospective view through the eyes of management.✓
- 4To provide the board of directors with a narrative statement by the audit committee of its findings on the efficacy of internal operational and financial controls.
Correct answer
To set out the directors' analysis of the business, in order to provide investors with a historical and prospective view through the eyes of management.
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