The Problem of Improving Financial Reporting

delete Pub Date : 2013-05-03 DOI:10.2139/ssrn.2286821
S. Sunder
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引用次数: 1

Abstract

Improving financial reporting calls for achieving a fine balance between codification of accounting rules, and development of norms whose enforcement depends on judgment about shared values and expectations in society. Over the past century, financial reporting has pursued codification in excess with unfortunate consequences. Development of mathematical finance, and concomitant financial engineering makes written rules of accounting almost instantaneously obsolete through creation of new transactions and instruments. A more open system in which multiple standard setting bodies compete with one another to attract following among the preparer and user communities may help keep financial reporting useful.
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改进财务报告的问题
改善财务报告要求在会计准则的编纂和规范的发展之间取得良好的平衡,这些规范的执行取决于对社会共同价值观和期望的判断。在过去的一个世纪里,财务报告过度追求法典化,带来了不幸的后果。数学金融的发展,以及随之而来的金融工程,通过创造新的交易和工具,使得书面的会计规则几乎在瞬间被淘汰。多个标准制定机构相互竞争以吸引编制者和使用者群体的追随者的更加开放的制度可能有助于保持财务报告的有用性。
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