+1-415-670-9189
info@expertsmind.com
Global reporting initiative
Course:- Financial Accounting
Reference No.:- EM13402




Assignment Help
Assignment Help >> Financial Accounting

Stigler's 'private interest theory' proposes that regulatory bodies (including accounting standard setters) are made up of individuals who are self-interested, and these individuals will introduce regulation that best serves their own self-interest. If regulators acted in accordance with the predictions provided by private interest theory of regulation, what is the likely of the introduction of regulation aimed at reducing the problems associated with climate change, particularly if business corporations opposed such regulations?  

Stigler, G. J. 1971, The politicisation of accounting, Journal of Accountancy, 146(5), pp. 65-72

Required

a. Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler above.

b. explain the standards that are inherent in Global Reporting Initiative (GRI).

c.  select a company listed on the ASX and discuss how the company has disclosed Corporate Social Responsible (CSR) issues.

d. Compute company performance in relation to GRI standards and comment on Stigler's theory.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
Matching Items Reported to Cash Flow Statement Categories (Indirect Method) - MillerCoors Brewing Company is the world's fifth largest brewer. In the United States, its tie
Saddle Inc. issues $378,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2014. (Credit account titles are automatically in
Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. For tax purposes, the expense is
Debt and equity securities are classified in the following ways: trading securities held-to-maturity securities available-for-sale securities all of these choices are correct
With regards to possible new loan capital, the company is currently low geared and could certainly support new debt finance. It is, however, important to keep a watch on in
Record the entry to eliminate the effects of the intercompany ownership in Able bonds for 20X6. Record the entry to eliminate the intercompany interest receivables/payables fo
Q.1 Identify advantages and/or disadvantages of allowing managers to set transfer prices through negotiation. Any combination totaling three advantages and/or disadvantages is
What is the difference in effective cost of borrowing between a $500,000 loan amortized annually at 12 percent over 10 years, with 4 percent paid at the time of loan originati