First page Back Continue Last page Overview Graphics
The Future Accounting/Reporting and Audit Reporting Model
We need to review and revise the existing accounting/reporting model to reflect several dimensions:
- Generic provisions
- Industry information
- Entity-specific information (i.e., value and risk)
We need to recognize the difference between certain types of financial and other information:
- Historical cost
- Readily marketable assets
- Non-readily marketable assets
- Projection information
- Performance information