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Johannesburg's stock exchange is currently "considering what form of accounting standard is needed from listed companies".
Professor Mary Barth's research focuses on financial accounting and reporting issues, particularly topics of interest to accounting standard setters.
This commentary concerns four important public policy issues in the proposal with the most relevance for accounting standard setting:.
Generally, accounting standard setting in the 21st Century promises to be an interesting and increasingly diverse endeavor.
Comments on the FASB paper, from regulators and practitioners, are expected by June.An accounting standard which targets instruments, not institutions, might level the playing field a little.
We conclude that conservatism remains a deeply engrained feature of accounting thought and practice, in contrast to recent emphasis by accounting standard setters on neutrality over conservatism.
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Within recent years, financial statement users have been accorded great significance by accounting standard-setters.
Our faculty is regularly invited to present their research to fellow academics, companies, industry groups, accounting standard-setting bodies, regulatory agencies, and governments.
That's what the accounting standard-setters are looking at today.
For a start, the widening split between accounting standard-setters is a huge difficulty.
Behind the scenes, they have been taking aim at someone else: the accounting standard-setters.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com