e-journal

Epistemological objectivity in financial reporting

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Purpose – The purpose of the paper is to illustrate the complexity surrounding the meaning of the
terms “economic reality” and “neutral representation” as these terms are applied to the resolution of
financial accounting issues.
Design/methodology/approach – The paper examines the concept of epistemological objectivity
in financial reporting through an analysis of issues raised by the US Securities Exchange Commission
(SEC) with respect to accounting for internet activities and the concomitant manner in which the US
Financial Accounting Standards Board (FASB) approached these issues.
Findings – An analysis of communications between the SEC and the FASB pertaining to accounting
for internet activities reveals that, while these bodies seek to resolve issues in a manner that is neutral
and objective, they often employ subjective reasoning in pursuing their regulatory purpose, thus
raising questions about the extent of their concern with neutral representations of economic reality.
Originality/value – The paper adds to the criticisms of efforts which claimto be neutral representations
of economic reality.

Keywords Economic performance, Financial reporting, Internet, Online operations,Accounting procedures, Epistemology

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Ketersediaan

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Informasi Detail

Judul Seri

Accounting, Auditing & Accountability Journal

No. Panggil

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Penerbit

: Emerald Group., 2006

Deskripsi Fisik

Accounting, Auditing & Accountability Journal Vol. 19 No. 5, 2006 pp. 663-680

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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