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National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux

This study presents some implications of recent policy moves to enhance the harmonisation of financial reporting and disclosure by adopting international financial reporting standards. In particular the impact on small organisations that do not participate in capital markets is considered. The resul...

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Main Authors: Wise, Victoria, Faux, Jeffrey
Format: Article
Language:English
Published: Accounting Research Institute (ARI) & Faculty of Accountancy 2005
Online Access:http://ir.uitm.edu.my/id/eprint/291/1/AJ_VICTORIA%20WISE%20MAR%2005.pdf
http://ir.uitm.edu.my/id/eprint/291/
https://mar.uitm.edu.my/
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spelling my.uitm.ir.2912017-10-27T02:27:12Z http://ir.uitm.edu.my/id/eprint/291/ National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux Wise, Victoria Faux, Jeffrey This study presents some implications of recent policy moves to enhance the harmonisation of financial reporting and disclosure by adopting international financial reporting standards. In particular the impact on small organisations that do not participate in capital markets is considered. The results of a survey of practitioners indicate a perception that the non-capital market sector is likely to be significantly affected by the additional reporting burden that convergence with international financial reporting standards imposes. On the whole the results show there was concern that the traditional users of the financial reports of organisations who do not participate in capital markets, would have limited if any, use for financial reports that conformed to international financial reporting standards. The results of this study have implications for nations such as Malaysia and New Zealand, which are currently engaging in the differential reporting debate Accounting Research Institute (ARI) & Faculty of Accountancy 2005-07 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/291/1/AJ_VICTORIA%20WISE%20MAR%2005.pdf Wise, Victoria and Faux, Jeffrey (2005) National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux. Malaysian Accounting Review, 4 (1). pp. 39-48. ISSN 1675-4077 https://mar.uitm.edu.my/
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
description This study presents some implications of recent policy moves to enhance the harmonisation of financial reporting and disclosure by adopting international financial reporting standards. In particular the impact on small organisations that do not participate in capital markets is considered. The results of a survey of practitioners indicate a perception that the non-capital market sector is likely to be significantly affected by the additional reporting burden that convergence with international financial reporting standards imposes. On the whole the results show there was concern that the traditional users of the financial reports of organisations who do not participate in capital markets, would have limited if any, use for financial reports that conformed to international financial reporting standards. The results of this study have implications for nations such as Malaysia and New Zealand, which are currently engaging in the differential reporting debate
format Article
author Wise, Victoria
Faux, Jeffrey
spellingShingle Wise, Victoria
Faux, Jeffrey
National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux
author_facet Wise, Victoria
Faux, Jeffrey
author_sort Wise, Victoria
title National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux
title_short National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux
title_full National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux
title_fullStr National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux
title_full_unstemmed National and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / Victoria Wise, Jeffrey Faux
title_sort national and international financial reporting standard convergence and the relevance for nonparticipants in capital markets: a preparer perspective / victoria wise, jeffrey faux
publisher Accounting Research Institute (ARI) & Faculty of Accountancy
publishDate 2005
url http://ir.uitm.edu.my/id/eprint/291/1/AJ_VICTORIA%20WISE%20MAR%2005.pdf
http://ir.uitm.edu.my/id/eprint/291/
https://mar.uitm.edu.my/
_version_ 1685648047535554560
score 13.211869

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