4th Annual International Conference On Accounting and Finance (AF 2014)

As financial markets integrate and business operations diversify, there is a need for adoption of common global accounting practices. This need is further intensified when inadequacies in the financial reporting system have surfaced more often than not in the recent past infringing the credibility of reported financial data. Such incidents have bought a call for a research on better alignment of corporate financial reporting requirements amongst users of financial statements.