Final answer:
The ACME, WASH, and COFFE reports are required IFR reports in businesses.
Step-by-step explanation:
The required IFR reports are ACME, WASH, and COFFE. These acronyms represent specific reports that must be prepared by businesses.
ACME stands for Audit, Compliance, Monitoring, and Enforcement. This report focuses on ensuring that a company's internal controls and operations are in compliance with laws and regulations.
WASH stands for Working Papers, Analytics, Summaries, and Highlights. This report provides a summary of the company's financial performance, including key analytics and highlights of the financial statements.
COFFE stands for Consolidated Financial Statements, Other Comprehensive Income, Financial Highlights, and External Audit Opinion. This report presents the company's financial statements and provides an opinion from an external auditor.