This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

ICAEW Financial Reporting Faculty publishes report on the principal factors affecting financial reporting outcomes

  • ICAEW (Institute of Chartered Accountants in England and Wales) (lt green) Image

07 Jul 2016

The Financial Reporting Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW) has published a Public Policy Paper on ‘Incentives and institutions in accounting: thinking beyond standards’, as part of its Information for Better Markets thought leadership initiative.

The report examines the principal factors that affect financial reporting outcomes at the level of the individual enterprise, above and beyond the requirements of financial reporting standards. It identifies two commonly recognised types of factor that affect financial outcomes at such a level; the incentives of those involved in the accounting process, especially the managers responsible for the accounts preparation, and the impact of surrounding institutions, which both help shape incentives, and facilitate and constrain managers’ actions.

The report then goes on to:

  • consider some of the institutional changes involved in globalisation and how they affect accounting; and
  • report some key findings of research on how variances in incentives and institutions affect financial reporting outcomes and discuss the challenges posed by these findings.

An executive summary and the full research paper are available from the ICAEW website.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.