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/291/ http://ir.uitm.edu.my/291/1/AJ_VICTORIA%20WISE%20MAR%2005.pdf

id	uitm-291
recordtype	eprints
spelling	uitm-2912017-10-27T02:27:12Z http://ir.uitm.edu.my/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/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
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
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/291/ http://ir.uitm.edu.my/291/1/AJ_VICTORIA%20WISE%20MAR%2005.pdf
first_indexed	2018-09-05T10:25:48Z
last_indexed	2018-09-05T10:25:48Z
_version_	1610762838282862592

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

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