Common use of Basis of preparation Clause in Contracts

Basis of preparation. The financial statements of the Authority are prepared on the accrual basis under historical cost convention and are in accordance with International Accounting Standards. The reporting currency is Cayman Islands Dollars.

Basis of preparation. The financial statements of the Authority are prepared on the accrual basis under historical cost convention and are in accordance with International Accounting Financial Reporting Standards. The reporting currency is Cayman Islands Dollars.