“It does not follow … that the preparation of financial statements can now be reduced to a mechanistic process of following the relevant standards without the application of objective professional judgement applied to ensure that those statements give a true and fair view, or achieve a fair presentation.”
Discuss whether you agree with the statement made by Martin Moore.
Are you asking ME? This sounds like an exercise for you!
Yes. It is a write up I was given to explain and I need some clue on how to go about it.
I think I would include within my response, in no particular order, matters such as
many and varied stakeholders
no longer simply a matter of financial reporting of historical data
profit is nowadays not seen as the only reason for a company’s existence
servers of society’s needs
Gray, Owen and Adams
pristine capitalists through to committed ecologists
duty of care to society
in the capacity as a corporate citizen
social reform and acceptance
There, there are some ideas to trigger your own
Hope that helps, but any other students with any other assignments …..please do NOT expect me to respond!
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