... practice. The results outline the dearth in greenhouse gas reporting by Chinese companies, suggesting there needs to be future development of accounting standards in this area. Following the relatively little research investigating factors determining greenhouse gas reporting by companies operating...

... et al., 1994 , 1995 ; Chesley, 1986 ; Reimers, 1992). Furthermore, Laswad and Mak (1999) study the interpretation of probability expressions in New Zealand and document considerable disagreement in interpreting 20 uncertainty phrases in their accounting standards for both standard‐setters...

... accounting standards more consistent with IAS‐GAAP. The implied assumption in the decision to promulgate local accounting standards more consistent with IAS‐GAAP was that IAS‐GAAP provides more value relevant financial information to investors and hence reduces the information asymmetry between investors...

... as they disclose segmental information under the new accounting standard known as FRS 114, Segment Reporting. Design/methodology/approach The paper involves 374 Malaysian public‐listed companies which disclosed segmental information in their 2006 annual reports. Four hypotheses are developed to examine...

... is an emerging capital market, the paper relies on the positive accounting and the institutional theories to generate testable hypotheses and explain the empirical findings. The paper draws results depending on a sample of 41 corporations. A risk disclosure index – based on accounting standards, prior literature...

... between the IFRS and the US GAAP. However, analysis of regression and correlation indicate significant correlation between the differences of these indicators. Thus, it was concluded that the economic‐financial indicators are not affected in a significant way by the divergences in the accounting standards...

...Mostafa Kamal Hassan Purpose This paper seeks to understand the processes of setting accounting standards in a developing country in transition, namely Egypt. It explores the social, political as well as economic forces that underlie the development of financial accounting regulations implemented...

... Fair value Stock options Accounting standards Compensation In December 2004, the Financial Accounting Standards Board (FCAB) issued Statement of Financial Accounting Standards No. 123R, “Accounting for Stock Based Compensation” (SFAS 123R). The statement outlines the procedures to be used...

... that will arise in the application of those rules. Prior to the adoption of IFRSs, the Australian accounting treatment for goodwill was specified in accounting standards AASB 1013 Accounting for Goodwill and AAS 18 Accounting for Goodwill (AASB, 1996 ; AARF, 1996) [2] . Goodwill was defined...

...Ip Chi Kuan; Carlos Noronha Purpose Previous studies have demonstrated significant discrepancies in financial results prepared separately under Chinese and international accounting standards. After years of reforms of Chinese accounting practices, there is still doubt as to whether previous...

.... Auditing Financial reporting Accounting standards Liming Guan can be contacted at: Lguan@hawaii.edu A number of studies examine the distribution of reported earnings and hypothesize that managers have incentives to round up reported earnings when the pre‐rounded earnings are slightly...

... small firms balance sheets will be weakened by A‐IFRS and that except for intangibles “… the SMEs are caught just as much as the big boys” (Andrews, 2005). Conversely, the chairman of the Australian Accounting Standards Board (AASB) [2] David Boymal, stated in February 2005: I think most...

... would have taken, had the pound appreciated over the period of adoption and had the firms incurred translation losses rather than translation gains. Originality/value This paper is useful to accounting standards setters, professional accountants, academics and investors. The study can give...

... countries. Accounting standards Saudi Arabia Auditing Continuing development Except for the Kingdom of Saudi Arabia (KSA), all Gulf Cooperation Council (GCC) countries [1] still regulate the accounting and auditing profession through the codes of commercial law. As we shall see later...

... the impact of disciplinary action against public accounting firms. © Emerald Group Publishing Limited 2004 Accounting Accounting standards Professional ethics Death penalty Enron began as a regional transporter of natural gas. Since the 1980s, however, the company moved beyond its...

... auditing External auditing Saudi Arabia Accounting standards Corporate finances To increase the questionnaire response rate preliminary contact was made with potential respondents before posting the questionnaire. This preliminary contact established whether or not the company had an internal...

...Alan Reinstein; Gerald H. Lander The provisions of Statement of Financial Accounting Standards (SFAS) No. 144, Accounting for the Impairment or Disposal of Long‐lived Assets, have raised many implementation issues for entities adhering to its increased requirements to recognize and measure...

...Gerald Vinten Annual reports Accounting standards Intangible assets Company annual reports need to consider users’ needs is the central message of this landmark report. It finds that a lack of focus on the user in the process of setting reporting standards is undermining quality...

... Environmental testing Environmental politics Accounting standards Environmental management Businesses were well represented at the 2002 World Summit for Sustainable Development and there is an emerging consensus that companies have social and environmental responsibilities. This is a comparatively...

... gain in market share depends on its ability to retain audit clients. © MCB UP Limited 2003 Market share Accounting standards Accounting Benchmarking United States of America Table IV shows the retention probabilities and the rescaled attractiveness parameters in the absence...