SOME SUGGESTIONS FOR FINANCIAL
Date
2011-04-13
Authors
Hallowes, Craig Brabazon
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Abstract
Financial reporting has received structural shocks recently. Many considered
opinions have been garnered, and a multitude of laws promulgated, in order to
deal with these issues.
South African studies of the lessons and proposed solutions are limited. This
study solicited the insights of local experts through interviews and
questionnaires. It was found that both the internal and the external context of an
organisation affect the way people conduct themselves in the assimilation and
interpretation of data, that the concept of relevant information is changing, and
that the integrity of data can only be improved through a holistic approach to the
organisation and the reporting environment. It also found that international
standards are regarded as a positive step forward.
This research should be of value to professionals and directors managing the
integrity of financial information, facilitating organisational communication and
deciding what information is most relevant in making investment or business
decisions.
Description
MBA - WBS
Keywords
Financial reporting