Corporate Financial Reporting critically examines contemporary corporate financial reporting. The complexity of the reporting process and the myriad of issues facing the directors, accountants and auditors can only be successfully understood from a firm conceptual base. The collapse of Enron has clearly highlighted the interrelationships between all the themes explored in this book, from financial reporting to auditing, from management's motivations to fraud. Special features of this book include: a critical examination of accounting 'theory'; an examination of corporate fraud; senior practitioners' insights on 'a true and fair view'; an exploration of 'the financial reporting expectations gap'; a discussion of the nature of 'corporate performance'; an examination of the implications of 'real-time' reporting by companies; engaging discussions questions at the end of each chapter; Corporate Financial Reporting will be relevant to advanced undergraduate as well as postgraduate and MBA students.
Table of Contents
Issues in Financial Reporting
An Exploration of the Nature of Accounting 'Theory'
Developments in Accounting and Corporate Reporting
Financial Reporting: Frameworks without Foundations?
Developments in Auditing and Assurance
The Management-Auditor Relationship: Auditing Motivations
Communication through the Audit Report: What Is the Auditor Trying to Say?
An Exploration of the Financial Reporting
A Reconfiguration of the External Reporting
Conceptual Framework Conundrum
The Elusive Holy Grail