Culture clash?

Article Abstract:

A survey of 256 enterprises in seven industrial nations in Europe, Asia and North America shows that accounting practices are influenced by local culture and by the orientation of the local capital market. One conclusion that can be derived from this is that while national accounting standards are shaped by regulatory bodies, their implementation is often influenced by local viewpoints and circumstances. By extension, another conclusion that can be derived is that while the standards prescribed by the International Accounting Standards Committee (IASC) are shaped by regulators, accounting practices across borders will still be deeply influenced by cultures and markets. Despite this, the evidence seems to indicate that harmonization of standards may be a worthwhile goal and a viable objective in an increasingly globalized market.

Accounting Services Regulation, Standards, International aspects, Accounting services, International Accounting Standards Board, Accounting law

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Counting more than numbers

Article Abstract:

Non-financial disclosures to shareholders about company progress provides evidence of management knowhow, correlating with financial information as well.

United Kingdom, Investor Protection & Disclosure, Methods, Reports, Disclosure (Securities law), Investor relations, Financial statements, Disclosure statements (Accounting)

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Counting more than numbers

Article Abstract:

Company characteristics and nonfinancial information disclosure are compared in data from the US, Canada and Australia.

United States, Australia, Canada, Information Systems & Theory, Stockholder Reports, Management, Corporation reports, Company reports, Annual reports

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