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 language | English |
|---|---|
| Title of host publication | 2012 AFAANZ conference |
| Subtitle of host publication | papers |
| Place of Publication | Melbourne |
| Publisher | Accounting and Finance Association of Australia and New Zealand |
| Pages | 1-32 |
| Number of pages | 32 |
| Publication status | Published - 2012 |
| Event | Accounting and Finance Association of Australia and New Zealand Conference (2012) - Melbourne Duration: 1 Jul 2012 → 4 Jul 2012 |
Conference
| Conference | Accounting and Finance Association of Australia and New Zealand Conference (2012) |
|---|---|
| City | Melbourne |
| Period | 1/07/12 → 4/07/12 |
Keywords
- non-publicly accountable entities
- RDR
- users of financial statements
- decision usefulness