Financial Reporting Standards an Agenda for Sustainable Development

By: Material type: ArticleArticleLanguage: ENG Series: ; IXPublication details: Jun 2006 0Edition: 6Description: 41-45 PpSubject(s): DDC classification:
  •  Cha
Online resources: Summary: Reforms in financial sector and financial reporting standards should go hand in hand to meet the objectives of financial sector reforms. The author feels that in the context of development of innovative financial products, the financial reporting standards must be efficient enough to unfold potential crises relating to institutional, governance and transparency aspects or to generate early distress signals to plug any loop holes.
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Articles Articles Main Library Cha (Browse shelf(Opens below)) Available AR8783

Reforms in financial sector and financial reporting standards should go hand in hand to meet the objectives of financial sector reforms. The author feels that in the context of development of innovative financial products, the financial reporting standards must be efficient enough to unfold potential crises relating to institutional, governance and transparency aspects or to generate early distress signals to plug any loop holes.

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