statutory reporting
Statutory reporting is the mandatory submission of financial and non-financial information to a government agency. Each industry has its own set of laws and regulations (statues) that mandate reports. In many countries, International Financial Reporting Standards (IFRS) has replaced country-specific Generally Accepted Accounting Principles for statutory reporting.
See also: compliance, Sarbanes-Oxley Act (SOX), Securities Exchange Commission (SEC)
This was last updated in March 2012
