Many questions have been raised as to whether financial accounting has become more conservative. The value relevance and qualitative characteristics of accounting information have become topics of particular relevance given the role they have assumed in influencing the value judgment of...

Whilst the impact of globalisation and harmonisation is currently being witnessed around the globe, and the need to embrace the adoption of International Financial Reporting Standards (IFRSs) is becoming increasingly evident, certain jurisdictions have been much quicker in their embrace,...

It is increasingly becoming apparent to domestic and international investors that the European Central Bank's bond buying programme which commenced in May 2010, “a way of correcting market dislocations that were hampering the central bank's conduct of monetary policy”, and its provision of...

This paper focuses on what constitutes “an attitude that includes a questioning mind and a critical assessment of audit evidence”, namely professional scepticism.This paper also focuses on factors and reasons contributory to the ever increasing use of (and the need for) forensic accountants...

This paper highlights why the relationship being referred to in this paper (as well as in Parts I and II), constitutes a mutually beneficial, reciprocal relationship (symbiotic relationship) – and not a parasitic one.It also attempts to justify why given certain financial conditions, and the...

Just as sound judgment is required in deciding which institutions should be granted financial bailouts, timing is crucial in discerning which information should be disseminated under certain financial conditions.Even though systemic risks and asymmetric information constitute embodiments of the...

This paper highlights why financial bailouts are an inevitable and necessary element in global efforts aimed at ensuring that financial stability is sustained. How could such bailouts be conducted in such a way that moral hazard does not become a too frequent, ever recurring issue?Systemic risks...

“The monitoring of useful data - such as market-wide data on asset prices and liquidity, institution related information such as credit default swap (CDS) spreads and equity prices, additional institution-specific information related to the ability of the institution to fund itself in various...

It is frequently argued that the causes of financial crises are attributed to capital crises, liquidity crises and pro cyclical related issues. The focus accorded by the Basel Committee on Banking Supervision to capital requirements – as opposed to liquidity standards, has also provided...