Rethinking Financial Reporting: Standards, Norms and Institutions

Shyam Sunder

Foundations and Trends(R) in Accounting, 2016, vol. 11, issue 1-2, 1-118

Abstract: Since the passage of the US federal securities laws more than eight decades ago, much regulatory effort has been devoted to improving financial reporting in business, government and not-for-profit organizations. Yet, evidence on improvements or abatement of misreporting by error or intent remains scarce. In the context of this experience, it may be useful to explore what we might mean by better financial reporting, and how we might define and implement processes to move in that direction. A broad agreement on the way ahead seems necessary to make progress.

Keywords: Securities law; Accounting practice; Performance measurement; Cost of capital; Optimal budgeting; Inter-divisional cost-sharing; Goal congruence approach; Agency conflict (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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