The Information needs of users of financial statements of non-publicly accountable entities

Karen Handley, Elaine Evans, Sue Wright

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

Although financial reporting for Australian non-publicly accountable entities has been a focus during the development of an Australian-specific ‘reduced disclosure reporting standard’ (RDR), the needs of users of these statements have not been investigated. In response, we surveyed 154 Australian users, preparers and auditors of financial statements of non-publicly accountable entities to determine what information is important to them. The opinions of comment letter writers, standard setters and practitioners were also sought in face-to-face interviews. We find that users, preparers and auditors all require similar information to assess cash flows, management performance and solvency.
Original languageEnglish
Title of host publication2012 AFAANZ conference
Subtitle of host publicationpapers
Place of PublicationMelbourne
PublisherAccounting and Finance Association of Australia and New Zealand
Pages1-32
Number of pages32
Publication statusPublished - 2012
EventAccounting and Finance Association of Australia and New Zealand Conference (2012) - Melbourne
Duration: 1 Jul 20124 Jul 2012

Conference

ConferenceAccounting and Finance Association of Australia and New Zealand Conference (2012)
CityMelbourne
Period1/07/124/07/12

Keywords

  • non-publicly accountable entities
  • RDR
  • users of financial statements
  • decision usefulness

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