An Examination of the practice of goodwill disclosure among Australian firms during 2007

Nigel Finch, Tyrone M. Carlin, Claire Doherty, Guy Ford

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

Abstract

The adoption of international accounting standards in Australia for all reporting periods from 1 January 2005 saw changes to a number of reporting practices. These include significant changes in the treatment and reporting of goodwill. Now in 2007, with two reporting periods having passed since the commencement of the new standards, it is appropriate to consider how firms in Australia are responding to the standard as it relates to goodwill. This report replicates research carried out by Carlin, Finch and Ford (2007a) in 2006 with regard to the assessment of disclosure quality and compliance levels by large listed Australian firms. In particular this report sets out to determine whether there has been in improvement compliance levels and the nature and quality of the disclosure, given that firms have now had two reporting periods to adjust to the standard. This report also seeks to determine whether the compliance levels and quality of disclosure found are comparable on an industry sector basis or indicate standard practice by auditor. Further research in this area has been carried out by Carlin, Finch and Ford (2007b) observed patterns of practice when firms were aggregated by auditor rather than sector.
Original languageEnglish
Title of host publicationProgram and proceedings
Subtitle of host publication20th Asian-Pacific Conference on International Accounting Issues
PublisherAsian-Pacific Conference
Pages1-43
Number of pages43
Publication statusPublished - 2008
EventAsian-Pacific Conference on International Accounting Issues (20th : 2008) - Paris
Duration: 9 Nov 200812 Nov 2008

Conference

ConferenceAsian-Pacific Conference on International Accounting Issues (20th : 2008)
CityParis
Period9/11/0812/11/08

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