Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2147564
True and fair view/fair presentation as a nexus between conventional accounting, sustainability accounting and Islamic accounting: unifying three frameworks?
Laura Parte
Anne Marie Garvey
Bridget McNally
José Antonio Gonzalo- Angulo
Sažetak
The objective of the article is twofold. Firstly, it evaluates the importance
and significance of true and fair view (TFV)/fair presentation (FP)
in European jurisdictions using IFRS standards. Secondly, it examines
the potential role of TFV/FP for sustainability accounting and for aligning
with the moral code of Islamic accounting. We assess whether we
are at an important juncture in time where a common understanding
of TFV/FP and the TFO could pave the way for increased understanding
and harmonisation across all three frameworks.
Conventional accounting is examined in the context of TFV/FP. A
survey shows significant acceptance of TFV in European jurisdictions
using IFRS, but gaps exist, and reclarification of the concepts
could be timely. Experts’ opinions on TFV in ‘conventional accounting’
can illuminate sustainability accounting, which could benefit
from the application of these concepts. The introduction of sustainability
accounting in IFRS is an opportunity to develop a unified
understanding of the TFV/FP concepts across all three frameworks
and conclude in stronger and connected base frameworks.
This is the first time that sustainability accounting development is
considered as an opportunity to strengthen and unify the frameworks
of conventional, Islamic and sustainability accounting through
the common acceptance of principles-based concepts TFV/FP.
Ključne riječi
Fair presentation; IFRS; Islamic accounting; survey; sustainability accounting; true and fair view
Hrčak ID:
306814
URI
Datum izdavanja:
30.4.2023.
Posjeta: 170 *