Semiotics, Hermeneutics and Cash: An Essay on the True and Fair View
Lawrence A. Cunningham
George Washington University
Cash is king. As countries struggle to develop accounting standards that translate across borders, the cash flow statement is a promising place to look. This essay reviews global accounting practices in several countries, showing how angst expressed in concepts such as semiotics and hermeneutics are both fascinating and unnecessary. In doing so, it considers continuing weaknesses in the US regulatory model, including in the Sarbanes-Oxley Act, and shows ways that markets have been ahead of regulators in developing convergence in financial reporting.
Number of Pages in PDF File: 29
Keywords: cash flow statement, true and fair view, fairly presents, Sarbanes-Oxley, global accounting, comparative accounting
JEL Classification: M41, M47, G34Accepted Paper Series
Date posted: March 7, 2003
© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.313 seconds