Preface
- 作者：Antonio Capone ; Fabrizio Lucarelli ; Mario De Vincenzi ; Aldo Morselli
- 关键词：User utility preference ; Accounting standards ; Accountability ; Professional integrity ; Asset value
- 刊名：Nuclear Instruments and Methods in Physics Research Section A ; Accelerators ; Spectrometers ; Detectors and Associated Equipment
- 出版年：2008
- 期刊代码：41_01689002
- 类别：ph
- 出版时间：1 April 2008
- 卷：588
- 期：1-2
- 页码：vii
- 文件大小：61 K
摘要
Legitimacy and self-regulation of the accounting profession dictates that it typifies integrity and credibility in both the form and substance of its accounting standards. Unsound and dishonest business practices are not evident in the financial reports, nor are they the responsibility of accounting standard setters. Nevertheless, professional accountability is not enhanced if the financial reporting standards permit a great deal of choices, variation and interpretation, particularly in asset values. In pursuit of professional legitimacy and the credibility, accounting standards can reduce opportunities for intruding bias, inept judgement, or interpretation perspectives adding to user uncertainties. The thesis of this conceptual paper is that key user groups have an intrinsic homogeneous preference utility for information relating to financial risk, which can be satisfied by a simple asset value, based on a market bid. The balance sheet can contain a segregation of asset values, either in supplementary or classification form.