Search: id:"swepub:oai:lup.lub.lu.se:9e7c158b-35c3-4069-b81f-8dae90d5da3d" >
Extractive Industri...
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Gray, SidUniversity of Sydney
(author)
Extractive Industries Reporting : A Review of Accounting Challenges and the Research Literature
- Article/chapterEnglish2019
Publisher, publication year, extent ...
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Blackwell Publishing,2019
Numbers
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LIBRIS-ID:oai:hhs.se:1154984880006056
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https://research.hhs.se/esploro/outputs/journalArticle/Extractive-Industries-Reporting-A-Review-of/991001480236106056URI
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https://doi.org/10.1111/abac.12147DOI
Supplementary language notes
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Language:English
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Summary in:English
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Subject category:art swepub-publicationtype
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Subject category:ref swepub-contenttype
Notes
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While the extractive industries (EI) are of major significance economically, the reporting of their activities has been the subject of contentious debate posing dilemmas for regulators and standard setters over many decades. In order to ensure alignment with the International Accounting Standards Board (IASB) research project on EI, we first identify some important economic characteristics of EI and associated accounting challenges together with an overview of how current accounting standards deal with these challenges using International Financial Reporting Standards as the focus. Second, we conduct a review of extant research on EI reporting analyzed around the key areas of: (a) international diversity of accounting practices and the challenges facing information users; (b) standard-setting processes and lobbying behaviour that deals with why the IASB (and other standard setters) have not succeeded in developing rigorous standards for extractive activities; (c) the reporting of oil, gas, and mineral reserves, given that large proportions of the assets of EI firms (the reserves) are off-balance sheet; (d) environmental, social, and governance (ESG) reporting dealing with how EI firms have increased their reporting of ESG information in response to regulatory demands and pressure for voluntary disclosures; and (e) other EI related topics such as earnings management, risk disclosures, and voluntary disclosure behaviour. Finally, we present some conclusions together with suggestions relating to key areas for future research on EI reporting.
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Hellman, NiclasStockholm School of Economics,Handelshögskolan i Stockholm(Swepub:hhs)155@hhs.se
(author)
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Ivanova, MariyaStockholm School of Economics,Handelshögskolan i Stockholm(Swepub:hhs)4362@hhs.se
(author)
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Handelshögskolan i StockholmUniversity of Sydney
(creator_code:org_t)
Related titles
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In:Abacus: Blackwell Publishing55:1, s. 42-911467-62810001-3072
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