Understandability and Transparency of the Financial Statements of ...

More documents

Recommendations

Info

Financial Accounting Standards Board. (2008a). Statement of Financial Accounting Standards No. 116: Accounting for Contributions Received and Contributions made: FASB. Retrieved from http://www.fasb.org/pdf/aop_FAS116.pdf Financial Accounting Standards Board. (2008b). Statement of Financial Accounting Standards No. 117: Financial Statements of Not-for-Profit Organizations: FASB. Retrieved from http://www.fasb.org/pdf/aop_FAS117.pdf Fisher, C. (2006a). Differential disclosure for Charities. Accounting Corporate & Tax Alert(28 August 2006). Fisher, C. (2006b). Sector faces unique challenges. Chartered Accountants Journal, 85(5), 27-29. Fisher, C. (2007a, March 16, 2007). Audits are not just for profit-making groups. National Business Review, p. 23. Fisher, C. (2007b). The future of audit in NZ. Chartered Accountants Journal, 87(1), 25-26. Fisher, C. (2009). Tight times in the NFP sector. Chartered Accountants Journal, 88(6), 64-65. Fisher, C., & Davis, E. (2007). Charities Update: Keeping you on top of changes. Auckland: Hayes Knight. Fishman, J. J. (2007). The Faithless Fiduciary and the Quest for Charitable Accountability 1200-2005. Durham, North Carolina: Carolina Academic Press. Flack, T. (2007a). Accountability - The Role of NFP Annual Reports: Pro Bono Australia. Retrieved from http://www.probonoaustralia.com.au/news/detail.chtml?filename_num=178175 Flack, T. (2007b). The role of annual reports in a system of accountability for public fundraising charities. Unpublished PhD, Queensland University of Technology, Queensland. Flack, T., & Ryan, C. (2004). The Role of the Annual Report in a Charitable Organisation: A 'Stakeholder' Perspective. Queensland University of Technology, Brisbane. Retrieved from http://www.bus.qut.edu.au/faculty/schools/accountancy/research/workingpaper/ 2004.jsp Fletcher, J. (2008). What Attributes of Non-profit Financial Reports are Most Valuable to Funders? Unpublished Honours, Victoria University, Wellington. Fowler, C. (2008, July 2008). Not-for-Profit and Public Sector Accountability and Legitimacy: Evidence from Colonial New Zealand. Paper presented at the Accounting and Finance Australian and New Zealand Conference, Sydney, Australia. Retrieved October 7, 2008, from http://www.afaanz.org/openconfafaanz2008/openconf.php Framjee, P. (2004). Performance counts. Accountancy, 134(1334), 88-89. 234
Fremont-Smith, M. R. (2004). Pillaging of Charitable Assets: Embezzlement and Fraud. The Exempt Organization Tax Review, 46(3), 333-346. Garrett, T. (2010). Charities Commission Update Newsletter. Wellington: Charities Commission. Ghauri, P., & Gronhaug, K. (2005). Research Methods in Business Studies: A Practical Guide (3rd ed.). Harlow: Pearson Education Limited. Gillingham, P., & Yeoh, J. (2007). How to measure 'fair value'. Chartered Accountants Journal, 86(1), 59-60. Gordon, T. P., Knock, C. L., & Neely, D. G. (2009). The role of rating agencies in the market for charitable contributions: An empirical test. Journal of Accounting and Public Policy, 28(6), 269-484. Gousmett, M. (2004). The Charities Bill 2004 - A Fiscal Fallacy: For Better or Worse? New Zealand Journal of Taxation Law and Policy, 10, 403-426. Gousmett, M. (2010, Summer). Charitable accounting. New Dialogue, 29, 6-7. Governmental Accounting Standards Board. (1987). Summary of Concept Statement No. 1: Objectives of Financial Reporting: GASB. Retrieved from http://www.gasb.org/st/concepts/gconsum1.html Governmental Accounting Standards Board. (2009). Proposed Suggested Guidelines for Voluntary Reporting: SEA Performance Information: GASB,. Retrieved from http://www.gasb.org/exp/SEA_Proposal.pdf Granof, M. (2007). Government and Not-for-Profit Accounting: Concepts and Practices. Hoboken, NJ: John Wiley & Sons. Grant Thornton. (2005). The Grant Thornton 2005 Not for Profit Survey: Grant Thornton. Retrieved from http://www.grantthornton.co.nz/Assets/documents/Services/NFP_Survey_2005. pdf Grant Thornton. (2008). The Grant Thornton 2007/2008 Not for Profit Survey: Grant Thornton. Retrieved from http://www.grantthornton.co.nz/Assets/documents/pubSeminars/NFP-Survey- 2007-2008.pdf Grant Thornton. (2009). The Grant Thornton 2009/2010 Not for Profit Survey: Grant Thornton. Retrieved from http://www.grantthornton.co.nz/Assets/documents/pubSeminars/NFP-Survey- 2009-2010.pdf Gray, R., Bebbington, J., & Collison, D. (2006). NGOs, civil society and accountability: making the people accountable to capital. Accounting, Auditing & Accountability Journal, 19(3), 319-348. Grimwood, M., & Tomkins, C. (1986). Value for money auditing - Towards incorporating a naturalistic approach. Financial Accountability & Management, 2(4), 251-272. 235
Page 1 and 2:
Understandability and Transparency
Page 3 and 4:
CHAPTER 2: REGULATORY & CONCEPTUAL
Page 5 and 6:
4.3.3 Axiom 3 - The possibility of
Page 7 and 8:
6.6 Summary .......................
Page 9 and 10:
Appendix One - Statement of Financi
Page 11 and 12:
Abbreviations AASB Australian Accou
Page 13 and 14:
Related Research Outputs The follow
Page 15 and 16:
Acknowledgements My journey through
Page 17 and 18:
Abstract Access to charities‟ fin
Page 19 and 20:
CHAPTER 1: INTRODUCTION 1.1 Introdu
Page 21 and 22:
More importantly the study will loo
Page 23 and 24:
Unerman and O‟Dwyer (2008, p. 801
Page 25 and 26:
adopted here is clarified, as the l
Page 27 and 28:
March 1999. Further, a study by the
Page 29 and 30:
those by: Vatter (1947); Anthony (1
Page 31 and 32:
CHAPTER 2: REGULATORY & CONCEPTUAL
Page 33 and 34:
(k) The erection, laying out, maint
Page 35 and 36:
Before looking at the legal structu
Page 37 and 38:
2.3.4 Problems As with charity nome
Page 39 and 40:
yet to be determined. This ensures
Page 41 and 42:
per annum (Charities Commission, 20
Page 43 and 44:
certain cases there will be concept
Page 45 and 46:
The focus of the Charities Commissi
Page 47 and 48:
Unlike incorporated societies, the
Page 49 and 50:
2.4.4.4 Future conceptual framework
Page 51 and 52:
problems with New Zealand‟s regul
Page 53 and 54:
This research seeks to identify if
Page 55 and 56:
charities” (Charity Commission, 2
Page 57 and 58:
statements in different documents t
Page 59 and 60:
seek to identify whether a lack of
Page 61 and 62:
In the international arena transpar
Page 63 and 64:
elevance is compromised. The link b
Page 65 and 66:
3.2 Complexities in Charities’ Fi
Page 67 and 68:
3.2.1 Accounting basis The „Accou
Page 69 and 70:
application of the appropriate GAAP
Page 71 and 72:
length transaction”. This definit
Page 73 and 74:
There are four arguments against de
Page 75 and 76:
Financial Accounting Standards Boar
Page 77 and 78:
al., 2008; Newberry, 1992; Rees & D
Page 79 and 80:
However, the notion of control is a
Page 81 and 82:
Kilcullen et al., 2007b). Charities
Page 83 and 84:
the amount of money spent on admini
Page 85 and 86:
This research seeks to identify wha
Page 87 and 88:
As a result of the literature revie
Page 89 and 90:
the elements of the world, or rathe
Page 91 and 92:
come about through the mutually sim
Page 93 and 94:
Research reports from other organis
Page 95 and 96:
clearer picture of the interviewee
Page 97 and 98:
In England, Palmer and Randall (200
Page 99 and 100:
APPROACHING PARTICIPANTS Within the
Page 101 and 102:
availability of charities‟ financ
Page 103 and 104:
As credibility was usually achieved
Page 105 and 106:
clarifications. This approach was u
Page 107 and 108:
to understand the meaning behind an
Page 109 and 110:
analysis is both complete and impar
Page 111 and 112:
subjective realities (Chua, 1986).
Page 113 and 114:
To assure the study was dependable
Page 115 and 116:
CHAPTER 5: ACCOUNTABILITY 5.1 Intro
Page 117 and 118:
emphasis on the definition of accou
Page 119 and 120:
supposition was that a lack of resp
Page 121 and 122:
general public (Charity Commission,
Page 123 and 124:
assumes the other is monitoring the
Page 125 and 126:
performance reporting rather than f
Page 127 and 128:
appropriate performance information
Page 129 and 130:
examiners and the Charities‟ Boar
Page 131 and 132:
which was set up in 2003. Charity a
Page 133 and 134:
Western Australia, all financial st
Page 135 and 136:
The fourth level of independent exa
Page 137 and 138:
What are the major areas of concern
Page 139 and 140:
subset of good accountability pract
Page 141 and 142:
Programme refers to a meeting of ob
Page 143 and 144:
ecording property, plant and equipm
Page 145 and 146:
Figure 6-2 Dimensions of Financial
Page 147 and 148:
Because the [charity‟s] finances
Page 149 and 150:
„selling a story‟ makes them fo
Page 151 and 152:
that you can use it [the stove] for
Page 153 and 154:
the organisation pay to have those
Page 155 and 156:
contributors twice - first to fund
Page 157 and 158:
There is a need to record restricte
Page 159 and 160:
charity will have control of a seco
Page 161 and 162:
of accountants involved in Charitie
Page 163 and 164:
their decision making. One auditor
Page 165 and 166:
Whilst the sample in this thesis is
Page 167 and 168:
Another problem my study found was
Page 169 and 170:
framework funders would not be able
Page 171 and 172:
The lack of professionalism must be
Page 173 and 174:
New Zealand‟s charitable purpose
Page 175 and 176:
We have since February of last year
Page 177 and 178:
analysis was done of the first comp
Page 179 and 180:
Also the idea of members „taking
Page 181 and 182:
The transparency of their organisat
Page 183 and 184:
7.3 Monitoring As discussed in Chap
Page 185 and 186:
Zealand] Statistics Department poin
Page 187 and 188:
There was a sub-committee running [
Page 189 and 190:
useful for smaller organisation and
Page 191 and 192:
change and they‟re doing a good j
Page 193 and 194:
problem that you‟ve [pause] we‟
Page 195 and 196:
legislation and monitoring. Of part
Page 197 and 198:
CHAPTER 8: PERFORMANCE ACCOUNTABILI
Page 199 and 200:
In New Zealand both the Controller
Page 201 and 202: what proportion of their charitable
Page 203 and 204: None of the above reasons includes
Page 205 and 206: Charities Commission publication
Page 207 and 208: achieve an appropriate level of per
Page 209 and 210: more effectively in order to increa
Page 211 and 212: eneficiaries‟ needs are met is an
Page 213 and 214: As well as setting aside reserves,
Page 215 and 216: The important aspect of the propose
Page 217 and 218: Mostly they [the funders] are worki
Page 219 and 220: eyond financial health to include
Page 221 and 222: 8.4.4 Prescribed performance report
Page 223 and 224: impact they have on their beneficia
Page 225 and 226: statements, but also other mechanis
Page 227 and 228: compare different charitable organi
Page 229 and 230: shock when their accounts are eithe
Page 231 and 232: 9.4 Academic Contribution This rese
Page 233 and 234: Outcomes (Effectiveness) Figure 9-1
Page 235 and 236: Charities Register, of which thirty
Page 237 and 238: success in their activities. For as
Page 239 and 240: Ahrens, T., & Chapman, C. S. (2006)
Page 241 and 242: Australian Accounting Standards Boa
Page 243 and 244: Bradbury, M. E., & Baskerville, R.
Page 245 and 246: Charities Commission. (2009f). A sn
Page 247 and 248: commission.gov.uk/Our_regulatory_ac
Page 249 and 250: Cordery, C. J., & Baskerville, R. (
Page 251: Eisenberg, P. (Ed.). (2005). Challe
Page 255 and 256: Hui, D. (2006). Financial Reporting
Page 257 and 258: http://www.ifac.org/Members/DownLoa
Page 259 and 260: Maxwell, J. A. (1992). Understandin
Page 261 and 262: http://www.nzica.com/AM/Template.cf
Page 263 and 264: O'Sullivan, N., & O'Dwyer, B. (2009
Page 265 and 266: Robson, C. (1993). Real World Resea
Page 267 and 268: Television New Zealand (Writer) (27
Page 269 and 270: Appendix One - Statement of Financi
Page 271 and 272: Appendix Three - Semi-structured in
Page 273 and 274: Appendix Five - Participant informa
Page 275 and 276: Appendix Six - Transcriber’s Conf
Page 277: Heading 1 Heading 2 Heading 3 Prope
show all

Understandability and Transparency of the Financial Statements of ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?