1. The influence of regulation on the publication of consolidated statements
- Author
-
Walker, R.G. and Mack, Janet
- Subjects
Sydney, Australia -- Economic policy ,Consolidated financial statements -- Usage ,Financial statements -- Australia ,Corporations -- Accounting and auditing ,Banking, finance and accounting industries ,Business - Abstract
An examination of the practice of incorporating consolidated statements in the financial reports of listed companies in Sydney, New South Wales, shows that this practice had been markedly influenced by government regulations. This finding contradicts that of a previous study which traces the widespread use of the practice to stipulated requirements between financier and debtor companies. Government regulations as well as changing business practices and evolving accounting education curricula highlighted the usefulness of this practice.
- Published
- 1998