Victoria University

Charity Financial Reporting Regulation: a Comparison of the United Kingdom and Her Former Colony, New Zealand

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Show simple item record Cordery, Carolyn Joy Baskerville-Morley, Rachel F 2007-11-21T00:07:45Z 2007-11-21T00:07:45Z 2005 2005
dc.description.abstract Charities are becoming more highly regulated worldwide and yet they are subject to diverse, country-specific, financial reporting standards. New Zealand is a jurisdiction that has treated all sectors alike in its approach to the financial regulation of charities, whilst the United Kingdom has, for some time, separated the regulation of charities from other entities. This paper provides a comparison of the histories of the evolution of regulation for charity reporting in the United Kingdom and New Zealand. The current process of international harmonization in both jurisdictions is premised on the principle that accounting conceptual frameworks should not be jurisdiction-specific, but charities have proved to be an exception. We suggest in this study that this exception is attributed to different drivers resulting in regulatory distinctions in two otherwise similar jurisdictions. Without persisting in the maintenance of sectorneutrality, the inevitable divergence increases the load on preparers, attesters, and users and may lead to lower levels of accountability and transparency. en_NZ
dc.language.iso en_NZ
dc.publisher Victoria University of Wellington en_NZ
dc.relation.ispartofseries No. 20 en_NZ
dc.relation.ispartofseries Working Paper en_NZ
dc.subject Accounting regulations en_NZ
dc.subject Non-profit organisations en_NZ
dc.subject Regulation variation en_NZ
dc.subject Non profit organisations en_NZ
dc.title Charity Financial Reporting Regulation: a Comparison of the United Kingdom and Her Former Colony, New Zealand en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit Centre for Accounting, Governance and Taxation Research en_NZ
vuwschema.contributor.unit School of Accounting and Commercial Law en_NZ
vuwschema.subject.marsden 350100 Accounting, Auditing and Accountability en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ

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