The Diagnosis and Resolution of Emerging Issues in Corporate Disclosure Practices

This paper calls the attention of the accounting profession in the UK to a central but neglected process in accounting regulation, i.e. emerging issue diagnosis (EID). A framework for discussing EID is presented in terms of three critical components: inputs, resolution characteristics and outputs. T...

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Bibliographic Details
Published in:Accounting and business research 1990-03, Vol.20 (78), p.143-151
Main Authors: Wallace, R. S. O., Cooke, T. E.
Format: Article
Language:English
Subjects:
Accounting policies
Accounting standards
Disclosure
Financial reporting
Regulations
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Summary:This paper calls the attention of the accounting profession in the UK to a central but neglected process in accounting regulation, i.e. emerging issue diagnosis (EID). A framework for discussing EID is presented in terms of three critical components: inputs, resolution characteristics and outputs. The United States model, which may be influential for future corporate reporting in the UK, is discussed. In addition, consideration is given to a UK example-the City Code on Take-overs and Mergers-of the resolution of emerging issues.
ISSN:0001-4788
2159-4260
DOI:10.1080/00014788.1990.9728872