A revolution in financial reporting
David Damant
(David Damant is the chair of the Financial Instruments Task Force of AIMR, the Association for Investment Management and Research.)
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Abstract
The nature of reported financial performance and financial disclosure is undergoing a dramatic change. The author argues that the issue of accounting for financial instruments and its emphasis on fair values goes to the heart of the problem. He argues that the thoughts provided by the AIMR provide the chance for a searchlight into corporate affairs which will create greater stability and guard against the worrying signs that greater instability is likely.
Keywords
Citation
Damant, D. (2002), "A revolution in financial reporting", Balance Sheet, Vol. 10 No. 1, pp. 4-7. https://doi.org/10.1108/09657960210697337
Publisher
:MCB UP Ltd
Copyright © 2002, Authors