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Lookup NU author(s): Professor David McCollum-Oldroyd
This is the authors' accepted manuscript of an article that has been published in its final definitive form by Wiley, 2018.
For re-use rights please refer to the publisher's terms and conditions.
The paper examines the decision of IASB and FASB to subsume stewardship within the sole financial reporting objective of informing investment decisions rather than seeing it as separate and distinct. This view is shown to be flawed from a theoretical economics perspective given the differences in the underlying properties of accounting information. In answer to the question of what difference the boards’ policy would make, the paper outlines consequences in relation to accounting standard-setting and contracting with managers.
Author(s): Miller AD, Oldroyd D
Publication type: Article
Publication status: Published
Journal: Australian Accounting Review
Print publication date: 01/03/2018
Online publication date: 09/08/2017
Acceptance date: 04/05/2017
Date deposited: 08/05/2017
ISSN (electronic): 1835-2561
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