The conceptual underwear of financial reporting

Article Abstract:

An imaginary dialogue between a standard setter and an academic gives a valuable insight into the use of metaphor in discussions about 'conceptual frameworks' for financial reporting and accounting standard setting. Metaphors can play a useful role in accounting, helping accountants to express what is almost impossible to express. However, metaphors must be chosen and used with care, as their use inevitably brings new elements into analysis.

Financial statements

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Risk management: the reinvention of internal control and the changing role of internal audit

Article Abstract:

The article examines the alignment of internal control and risk management in corporate governance within the United Kingdom, and shows that reporting requirements permit appropriation of risk management by entities attempting to advance specific interests or agendas. Implications are discussed.

Asset & Risk Management, Methods, Corporate governance, Risk management, Comparative analysis, Industry self-regulation, Industry self regulation

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Good hours, bad hours and auditors' defence mechanisms in audit firms

Article Abstract:

A study conducted to analyze the staff auditors' behavior, with context to manipulation of time records is presented.

Behavior, Time management, Auditors

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