Evidence-Based Financial Reporting Regulation

6 Pages Posted: 17 Oct 2006

See all articles by Willem Buijink

Willem Buijink

Tilburg University - Department of Accounting & Accountancy

Abstract

In this introductory paper at the Abacus Forum on International Financial Reporting, I contend that it is difficult to argue that financial reporting and disclosure regulation around the world is evidence-based. Anecdotes and references to more systematic research and surveys of research are used to demonstrate this. 'Evidence-based' is a term that I borrow from medicine. There the term stands for basing medical patient care and health policy choices on the 'current best [scientific] evidence'. I contend that financial reporting and disclosure regulation (and perhaps practice as well) are currently not evidence-based in the specific sense of not being based on the current best scientific evidence available about accounting and auditing. Next I discuss possible causes of this state of affairs and look at future possibilities for financial reporting and disclosure regulation to become (more) evidence-based. The discussion ends by providing a link with the papers that follow in this issue.

Suggested Citation

Buijink, Willem F.J., Evidence-Based Financial Reporting Regulation. Abacus, Vol. 42, No. 3-4, pp. 296-301, September 2006. Available at SSRN: https://ssrn.com/abstract=937413 or http://dx.doi.org/10.1111/j.1467-6281.2006.00202.x

Willem F.J. Buijink (Contact Author)

Tilburg University - Department of Accounting & Accountancy ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

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