Canadian Financial Reporting Institutions

30 Pages Posted: 18 Sep 2017

See all articles by Daniel B. Thornton

Daniel B. Thornton

Smith School of Business at Queen's University

Multiple version iconThere are 2 versions of this paper

Date Written: September 13, 2017

Abstract

The recently published Easy Prey Investors: Why Broken Safety Nets Threaten Your Wealth lambastes virtually every aspect of Canadian financial reporting in exceptionally harsh terms. Although the authors’ assertions about the implications of financial reporting violations they have seen are mostly unsubstantiated or overblown, publications like this are useful if they stimulate continual, thoughtful consideration of Canada’s institutional arrangements. I discuss various methodologies for doing this and present some novel evidence indicating that some of the authors’ assertions are simply incorrect. Canada’s financial reporting institutions, like all institutions, are not perfect, so we must always listen to their critics’ suggestions for reforming them; however, our institutions are in much better shape than Easy Prey Investors asserts.

Keywords: Financial Reporting, Institutions, Canada

JEL Classification: G2, M41, M42

Suggested Citation

Thornton, Daniel B., Canadian Financial Reporting Institutions (September 13, 2017). Available at SSRN: https://ssrn.com/abstract=3036944 or http://dx.doi.org/10.2139/ssrn.3036944

Daniel B. Thornton (Contact Author)

Smith School of Business at Queen's University ( email )

143 Union Street, #358
Kingston, Ontario K7L 3N6
Canada
613-328-5213 (Phone)
613-533-2321 (Fax)

HOME PAGE: http://smith.queensu.ca

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
52
Abstract Views
215
rank
339,101
PlumX Metrics