Institutional Investors, Accounting Information and the ASB
While the ASB is responsible for designing accounting standards, and companies and auditors are responsible for implementing them, there exist few feedback mechanisms whereby the effectiveness of the standards can be assessed. In other words, if institutional investors are the 'customers' of the ASB, then it is difficult to know whether or not the customer is satisfied. This research report aims to provide some feedback.
Institutional investors, accounting information and the ASB