Русско-англо-русский юридический словарь

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. (Independent Auditor’s Report for Pan American Silver Corp. by Deloitte, http://panamericansilver.com/annualreport2014/financial-statements/independent-auditors-report/)

Management is responsible for the preparation of financial statements that give a true and fair view in accordance with International Financial Reporting Standards and the Jamaican Companies Act, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. (jnfunds.com)

Consolidated financial statements are defined as "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial statements", and International Financial Reporting Standard 10 "Consolidated financial statements". (Wikipedia)

For example, under International Financial Reporting Standards (IFRS), firms are now required to present a Statement of Comprehensive Income which has replaced the traditional income statement. The Statement of Comprehensive Income includes all non-owner changes in shareholders’ equity during the reporting period. (ft.com)