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Traditional and Western Accounting Disclosure Models for Pacific Island Countries' Entities

Traditional and Western Accounting Disclosure Models for Pacific Island Countries' Entities Three reporting models Traditional, Westernnarrow and Westernbroad are scrutinised to delineate the basis of accounting practices for the Pacific Island Countries' PIC entities for the years ending 19971999. Evidence is obtained about the filing of reports timeliness of reports and disclosure patterns. Patterns are measured via examination of twenty Aggregated Accounting Disclosures AAD items and subindices. A significant number of entities completely fail to generate annual reports, or are several years behind the reporting cycle or are unwilling to disseminate their reports. The reporting patterns for PIC entities showed an overall AAD disclosure trend of 52 with specific patterns being 76 of Core Statement Accounting CSA, 42 Financial Related Accounting FRA and 40 Nonfinancial Related Accounting NRA over the three years. The lack of current annual reports and timely reports at least 50 fits much more with the Traditional model than with either Western model. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Pacific Accounting Review Emerald Publishing

Traditional and Western Accounting Disclosure Models for Pacific Island Countries' Entities

Pacific Accounting Review , Volume 14 (1): 24 – Jan 1, 2002

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0114-0582
DOI
10.1108/eb037964
Publisher site
See Article on Publisher Site

Abstract

Three reporting models Traditional, Westernnarrow and Westernbroad are scrutinised to delineate the basis of accounting practices for the Pacific Island Countries' PIC entities for the years ending 19971999. Evidence is obtained about the filing of reports timeliness of reports and disclosure patterns. Patterns are measured via examination of twenty Aggregated Accounting Disclosures AAD items and subindices. A significant number of entities completely fail to generate annual reports, or are several years behind the reporting cycle or are unwilling to disseminate their reports. The reporting patterns for PIC entities showed an overall AAD disclosure trend of 52 with specific patterns being 76 of Core Statement Accounting CSA, 42 Financial Related Accounting FRA and 40 Nonfinancial Related Accounting NRA over the three years. The lack of current annual reports and timely reports at least 50 fits much more with the Traditional model than with either Western model.

Journal

Pacific Accounting ReviewEmerald Publishing

Published: Jan 1, 2002

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