The Conceptual Framework for Financial Reporting (CFfFR) was developed to provide guidance to users and preparers of financial reports and standards. However, general consensus within the accounting community is that the Conceptual Framework fails to achieve the stated intended purpose. This paper reports on an interpretive research study to understand the role, position, content and usage of t...

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The Sarbanes-Oxley Act of 2002 (SOX) was established to strengthen internal controls over financial reporting by U.S. public firms and, as a consequence, to increase investor and stakeholder confidence in published financial reports. Among the many SOX provisions, SOX 404 requires an annual assessment by the firm’s executive management and external auditor of the firm’s internal controls over f...

The paper analyzes scientific sources and highlights the meaning of concept "non-financial reporting" gives features non-financial reporting. influence risks on increasing financial value is also substantiated. Introduction. Capital market participants are increasingly prioritizing importance information. Sustainability reporting have become a central concern among business leaders, investors, ...

We investigate how provisioning models interact with bank regulation to affect banks' risk-taking behavior. study an accuracy versus timeliness trade-off between incurred loss model (IL) and expected (EL) such as current credit or International Financial Reporting Standards 9. Relative IL, even though EL improves efficiency by prompting earlier corrective action in bad times, it induces banks o...

This paper illustrates the application of a developed global fund reporting ontology (GFRO) for efficient financial reporting. The GFRO extends Financial Industry Business Ontology (FIBO). Existing reporting financial information systems lack the ability to integrate data from heterogenic sources and provide unified and consistent financial reports that will comply with regulations. This study ...