2 Reporting theory and failures
Disruption and change
This is the third volume dealing with disruption in financial reporting and corporate reporting. The Kingman, CMA, and Brydon1 reviews have and are still causing a major re-think of the role of reporting, and it is addressed in this book. With reporting, we have to make a number of assumptions about that direction. We liken this to choosing possible alternative rail forks.
Background scenarios
Over the period 2010 to 2020, there has been a series of rapid changes in financial reporting and auditing. Significant progress and improvement in the quality of timely, relevant and trustworthy reported information has been ushered in, primarily for several reasons:
- 1 The global financial crisis ...
