Tanzania Financial Reporting Standard (TFRS) No. 1


Introduction: On 22nd June 2020, The National Board of Accountants and Auditors (NBAA) revised TFRS 1 - 'The Directors’ Report' (initially issued on 1st January 2010) for the purpose of accommodating issues from the current environment, which became operative for financial statements covering accounting periods beginning on or after 1st January 2021. Early adoption [...]