Achieving High Quality, Comparable Financial Reporting: A Review of Independent Enforcement Bodies in Australia and the United Kingdom.
This article provides a review of the activities of two quite different types of national enforcement body, the U.K.'s Financial Reporting Review Panel (FRRP) and the Australian Securities and Investments Commission (ASIC). We present material (some not available elsewhere) about their activities ov...
| Publicado en: | Abacus Vol. 43; no. 4; pp. 438 - 474 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Dec2007
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=27533052&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 27533052 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00013072 AUB jtl: Abacus issn: 00013072 maglogo: Y pubinfo: dt: Dec2007 vid: 43 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 27533052 10.1111/j.1467-6281.2007.00241.x ppf: 438 ppct: 36 formats: fmt: @attributes: type: P size: 187KB tig: atl: Achieving High Quality, Comparable Financial Reporting: A Review of Independent Enforcement Bodies in Australia and the United Kingdom. aug: au: BROWN, PHILIP TARCA, ANN affil: University of New South Wales and an Emeritus Professor at the University of Western Australia University of Western Australia su: Accounting Investments Securities trading Compliance auditing Accounting standards Australian Securities & Investments Commission Great Britain. Financial Reporting Review Panel United Kingdom Australia sug: subj: United Kingdom Australia Accounting Investments Securities trading Compliance auditing Accounting standards Australian Securities & Investments Commission Great Britain. Financial Reporting Review Panel ab: This article provides a review of the activities of two quite different types of national enforcement body, the U.K.'s Financial Reporting Review Panel (FRRP) and the Australian Securities and Investments Commission (ASIC). We present material (some not available elsewhere) about their activities over the period 1998–2004 and show that both types of body can fulfil an enforcement role, albeit subject to political forces. We also assess the relevance of the bodies’ past activities for comparable international enforcement following the adoption of International Financial Reporting Standards (IFRS) in 2005. A review of cases reveals that for both bodies approximately half were related to recognition and measurement issues, where interpretation can be crucial. Although there is potential for cross-country differences to arise, they may be mitigated by the participation of both bodies in international enforcement coordination activities. Past activities suggest that the scope of the bodies’ activities and the extent of comparability of enforcement decisions are likely to reflect political views held within the government, corporate sector and accounting profession. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Abacus is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Abacus holder: Wiley-Blackwell dt: @attributes: year: 2007 holdings: @attributes: islocal: N |
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