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This study is the first to examine the litigation-disclosure modifications of legal proceedings (i.e., Item 103) and contingency-note disclosures (i.e., Accounting Standards Codification [ASC] 450) in the 10-K. Litigation-disclosure modifications are defined as the amount of litigation content disclosed in year t but not in year t – 1. I first confirm the Securities and Exchange Commission's (SEC) and the Financial Accounting Standards Board's (FASB) concern that firms are providing less litigation-disclosure modifications. I then find firms with higher proprietary cost, higher litigation risk, and non-Big 4 auditors to be associated with more litigation-disclosure modifications. I also find that although firms are providing less litigation-disclosure modifications in the two litigation sections, such disclosures do predict future occurrence of litigation cases and are complementary in providing litigation information to investors. Results indirectly support the FASB's 2012 decision to not precede with disclosure policy changes in contingency-note disclosures. [ABSTRACT FROM AUTHOR]

The article deals with the formation of financial and nonfinancial reporting within the process of convergence of global financial reporting systems US GAAP and IFRS. The results of a comparative analysis of the main concepts of nonfinancial reporting systems in the corporate sector of the economy are given. Based on the results of the content analysis, the main barriers were identified that hinder the introduction of nonfinancial accounting and nonfinancial reporting systems in the corporate sector within the framework of global financial reporting systems. Based on the analysis of official statistical information, it was concluded that in Russia there is a global trend, reflecting a slight decrease in the number of submitted corporate nonfinancial reports. It is substantiated that the formation of uniform standards for the nonfinancial reporting system, which will be able to most fully reflect the industry specifics of companies, will not only improve the quality of the reporting documentation provided and its comparability, but will also allow the use of nonfinancial information in business practice, forming new progressive business models focused on sustainable development and the most complete consideration of ESG principles in activities. It was revealed that the main obstacle to sustainable corporate behavior following the ESG principles is a flexible approach, since its application does not form real incentives for a more effective corporate policy in the field of sustainable development. It is concluded that in the current conditions, attention should be focused on the preparation of unified nonfinancial reporting standards integrated into existing global and national financial reporting systems. It has been proved that a separate emphasis should be placed on the formation of a regulatory framework for the inclusion of metrics and indicators that evaluate the results of a company's activities in the field of sustainable development in public corporate nonfinancial reporting. [ABSTRACT FROM AUTHOR]

Transactions related to cryptocurrencies are in the field of accounting because they are of a financial nature. This study aims to determine how cryptocurrencies can be accounted within the framework of Turkish Accounting Standards (TMS) and Turkish Financial Reporting Standards (TFRS) and the opinions of professional accountants. In the study, in which quantitative data were obtained by questionnaire and qualitative data by interview technique by applying mixed method, data analysis was carried out using SPSS and MAXQDA software programs. According to the results of the study, although it is agreed that cryptocurrencies are an asset item in terms of the accounting system, the uncertainty about which asset type continues. Although TMS/TFRS refers to the classification of cryptocurrencies as stock or intangible assets, professional accountants have considered cryptocurrencies as cash and cash equivalents or financial instruments. The absence of a legal regulation for the accounting of cryptocurrencies causes businesses to reflect their crypto money transactions to their journal entries using different accounting accounts. As a result, the comparability feature of the financial statements prepared by the enterprises deteriorates. Making legal regulations and establishing an audit mechanism for the accounting of cryptocurrencies is critical in terms of controlling the accounting records and increasing the reliability of cryptocurrencies. [ABSTRACT FROM AUTHOR]

Copyright of Economic Outlook / Ekonomski Pogledi is the property of Ekonomski pogledi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper is focused on researching the International Financial Reporting Standard (IFRS) for small and medium-sized entities (SMEs) in European countries and the frequency of adoption and application of this standard. The first part of the paper highlights the importance of this standard, its benefits and some of the obstacles to its application, which are recognized as significant in the previous literature. All references in the previous literature reviewed for the purposes of this paper are followed by the research that was conducted. The research aims to determine how often IFRS is applied to SMEs in European countries. The data were collected from reports published by the IFRS Foundation, which contain data on the application of the standard adapted for MSE. The data were processed with descriptive statistics. The research showed that a small number of European countries apply IFRS for MSEs, and that European countries in the EU are not more inclined to apply IFRS for MSEs.

SUMMARY: Accountants potentially have a major role to play as the field of sustainability reporting grows. Surveying 173 accountants, we find that the majority are unfamiliar with many of the existing sustainability frameworks and that 31 percent have current experience working in sustainability reporting. Comments from respondents also indicate that there is some hesitation by older generations as to whether sustainability falls within accountants' roles and responsibilities, whereas respondents under 30 indicated greater enthusiasm for the future of sustainability reporting. With the prospect of mandatory Securities and Exchange Commission (SEC) sustainability reporting and assurance looming, these results are critical as firms and professionals prepare for these potential changes. Shifting market demands and new generations entering the workforce may impact the professional accounting landscape as companies seek to recruit and retain top talent who are excited about the prospects of working with sustainability information. [ABSTRACT FROM AUTHOR]

The article analyzes the experience of legislative regulation of financial statement preparation by micro entities in the Commonwealth of Independent States, the European Union, and the United Kingdom. The legislative acts of the countries, national accounting standards and financial reporting standards serve as the methodological basis for the analysis. For the purpose of this study the article identifies the criteria for categorizing an organization as a micro entity, analyzes the documents regulating the procedure for the preparation of financial statements, and compares the procedures for financial reports formation by micro entities in different countries. Micro entities are an important component of the country’s economy, affecting the level of employment, gross domestic product and other important indicators of the country’s development. In Russia, micro entities account for 96 percent of the small and medium-sized business sector, whose share in the gross domestic product was about 20.6 % in 2019 according to Federal State Statistics Service estimates and which created about 33 % of jobs. For comparison, in the OECD countries small and medium-sized businesses generate, on average, about 55 % of GDP and about 59.1 % of jobs, whereas in the EU countries the percentage is higher: 57.5 % of GDP, and 65 % of the employed. However, in order to support the development of micro entities, it is necessary to create favorable conditions for the implementation of entrepreneurial activities, in particular through simplifying the procedure for the formation and submission of financial statements.

Copyright of Accounting & Auditing Perspective Magazine / Muhasebe ve Denetime Bakış is the property of Union of Chambers of Certified Public Accountants of Turkey (TURMOB) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Economic & Managerial Researshes is the property of Faculty of Economic Sciences, Commercial & Managerial Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

There are many kinds of international operations, and entities from different countries can operate in different regulatory frameworks. This is why comparative international accounting has become more and more important. There are great efforts made by the EU, the IASB, the FASB, and other institutions in order to achieve comparable financial statements. Still, there are many accounting differences among the countries. The EU member states are restricted by the European Regulation on the application of the IFRS but the regulation of accounting principles for micro, small, and medium sized entities represents the national regulators’ choice. The main goal of the paper is to provide a description of the existing accounting framework and the standard setting process in two European countries: Croatia and Poland. Research methodology is based on a critical analysis of scholarly literature and the comparison of Polish and Croatian Accounting Acts, Polish Accounting Standards and Croatian Financial Reporting Standards, in terms of main accounting principles for assets. The authors test the thesis that the national accounting standard setting process affects the form and content of accounting principles and standards. Therefore, the research focus is related to several accounting areas and the paper investigates accounting principles for different kinds of assets.

Copyright of Journal of Management & Economics Research is the property of Journal of Management & Economics Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Economic & Managerial Researshes is the property of Faculty of Economic Sciences, Commercial & Managerial Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

There are many kinds of international operations, and entities from different countries can operate in different regulatory frameworks. This is why comparative international accounting has become more and more important. There are great efforts made by the EU, the IASB, the FASB, and other institutions in order to achieve comparable financial statements. Still, there are many accounting differences among the countries. The EU member states are restricted by the European Regulation on the application of the IFRS but the regulation of accounting principles for micro, small, and medium sized entities represents the national regulators' choice. The main goal of the paper is to provide a description of the existing accounting framework and the standard setting process in two European countries: Croatia and Poland. Research methodology is based on a critical analysis of scholarly literature and the comparison of Polish and Croatian Accounting Acts, Polish Accounting Standards and Croatian Financial Reporting Standards, in terms of main accounting principles for assets. The authors test the thesis that the national accounting standard setting process affects the form and content of accounting principles and standards. Therefore, the research focus is related to several accounting areas and the paper investigates accounting principles for different kinds of assets. [ABSTRACT FROM AUTHOR]

Leases are quite relevant to a large number of enterprises. Due to the fact that a lease reduces an entity's exposure to risks inherent in asset ownership, it is a widely used method of obtaining access to property, plant and equipment. At the beginning of this article sources of existence of various international accounting standards as well as primary incentives (estimation of unrecognized lease obligations) to change the previous widespread lease standards used by publicly listed companies are mentioned. The IASB and FASB aware of the importance of this issue, put forward new similar accounting solutions. Despite the joint effort, there are some discrepancies between promulgated IFRS 16 and ASC 842. In the article they are divided into three groups of differences (basic, accounting and other lease issues). The main objective of this article is to point out those differences between new lease standards, as well as their distinct effects on the reporting entities' financial statements and crucial financial metrics. In particular, the impact of operating lease capitalization on the Warsaw Stock Exchange entities' assets by sector indices, as well as on EBITDA by industries on the global scale are presented. The article involves research methods such as: analysis of literature, global accounting regulations and financial statements, as well as comparison and deduction methods. The new lease standards have significant impact on those reporting entities with a great number of previous off balance sheet leases. Therefore, Polish sectors such as WIG-ODZIEZ, WIG-TELKOM and WIG-MOTO as well as global industries such as retail, airline and health care are the most affected. This paper may be useful for many users of financial statements (e.g. potential investors), because it provides information about effects of changed lease standards on financial position and performance of the most affected reporting entities. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Economics Business & Finance Research / Ekonomi İşletme ve Maliye Araştırmaları Dergisi is the property of Irfan Ersin and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Accounting & Financial History Research Journal / Muhasebe ve Finans Tarihi Araştırmaları Dergisi. is the property of Association of Accounting & Financial History Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Socially responsible and environmentally friendly operations of the companies are equally important to the investors as their successful financial performance. This because the issues of good governance, socially and environmentally correct operations become so important to the public that mistake in any of these domains can almost instantly ruin the meticulously built value of the company shares. However, in most countries, including Republic of Macedonia, the reporting for non-financial activities is out of the domain of the accounting regulations. On the other hand, many researchers and various international organizations dealing with development and promotion of international accounting and financial reporting standards promote the idea that these only seemingly non-financial areas of operations should be addressed in the reports to shareholders together with the financial data. They only diverge in the proposed ways in which this should be done. The aim of our research is to investigate the accounting practice of recording and reporting investment and operational costs of these activities and the way in which they are presented to shareholders in case of Republic of Macedonia. The interviews in a selected large companies revealed that financial managers agree on the benefits of the sustainability and socially related activities accounting and reporting. This reporting helps more elaborated decisions on the side of the all interested parties, inside and outside of the companies. They also believe that the capital expenditure for the purposes of environmental protection is long-term investment, rather than one time cost.

Copyright of Muhasebe ve Vergi Uygulamalari Dergisi (MUVU) / Journal of Accounting & Taxation Studies (JATS) is the property of Ankara Serbest Muhasebeci Mali Musavirler Odasi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Inventories are raw materials, materials, products and commercial goods held by the enterprises in order to sell or use them in their activities. Service production costs which have not yet yielded revenue can also be considered as inventory. Accounting practices are made in accordance with Turkish Accounting Standards / Turkish Financial Reporting Standards, Financial Reporting Standard for Large and Medium sized Entities and General Communiques on Accounting System Application Turkish Tax Procedure Law in our country. In this study, taking inventories among the assets, valuation in the reporting periods, presentation and explanations in the financial statements according to the three regulations are examined. The stated cases are explained according to all three regulations, and the differences between them are presented. These differences arise from the determination of inventory costs, end -ofyear valuation of inventory, and recognition. Furthermore, the accommodation of the procedures in line with the standards and the provisions of the Turkish Tax Procedure Law were addressed. [ABSTRACT FROM AUTHOR]

Copyright of Cumhuriyet Üniversitesi Fen-Edebiyat Fakültesi Sosyal Bilimler Dergisi is the property of University of Cumhuriyet, Faculty of Sciences & Arts and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The research aimed to apply the international accounting and financial reporting standards to the measurement of municipal lands and its impact on the financial statements. The problem of the research is represented by the acquisition of land by the municipalities without cash payment, which led to the difficulty of knowing the real cost of land because of shortcomings of the municipal accounting system in dealing with this situation. The system did not include the accounting procedures for the lands' investment that meet the conditions of classification as investment properties. The research reached a number of conclusions, the most important of them is that the accounting measurement requirements for land under the accounting system differ from The special requirements for municipalities under international accounting and financial reporting standards, the most important research recommendations were including the need to update the accounting system based on the municipalities of international standards to keep abreast of developments and to provide financial information and reliable data in the internal and external environment. [ABSTRACT FROM AUTHOR]

Company managers, with different motives, try to identify the fastest ways to achieve benefit, and to delay the losses and expenses. Conservativeness limits the capability and desire for such an opportunistic behavior of the managers. The Board of directors of company, as a governing institution, having the task of leadership and supervision on the work of executive managers, has a critical role in leading the company to make appropriate decisions, and taking more conservative methods in scheduling identification of benefits. The main objective of this research is analysis of the relationship between percentage of managerial ownership and the level of conservativeness applied in the financial reporting of the companies accepted in Tehran Stock Exchange. The statistical sample of research consists of 111 companies of the companies accepted in Tehran Stock Exchange, and the research period is 2005 to 2010. Simple linear regression was used to test the research hypotheses, and the results showed a meaningful positive relationship between Managerial Ownership and Accounting Conservativeness, and also showed no meaningful relationship between free float and accounting conservativeness.

Business Combinations under Common Control (BCUCC) are widely undertaken in today's business world for several reasons such as, increasing the benefits obtained from business combinations, controlling the activities of entities under common control and determining the relevant policies to be applied. Hence, the relevant standards and regulations pertaining to BCUCC need to be carried out to establish policies and procedures and also determine the terms of business combinations. However, when the companies' financial statements together with independent auditors' reports are examined, it is revealed that there are discrepancies between companies in applying this practice. In this study, the financial statements and disclosures of companies traded in BIST 100 and TKYD Corporate Governance Index are analyzed with respect to the explanatory notes and calculations related to BCUCC for the year ending 2017. [ABSTRACT FROM AUTHOR]

This article provides an historical account of conditions and actions which gave rise to the decision to adopt International Financial Reporting Standards in Australia. This decision is seen as a 'moment' within a much broader movement of history, namely, the emergence of a transnational neoliberal global order comprising networks of multilateral arrangements and strategic alliances, as well as ambiguous but powerful social, political and cultural forces. Those phenomena and their force in the context of accounting standard setting are examined here through a conflation of Castells' work on globalisation with the strong structuration model of Stones. This article demonstrates the potential of the Stones/Castells theoretical nexus to contribute to future accounting research, not only within the narrow realm of rule-making but more broadly in our attempts to understand and critique the manner in which global neoliberal processes have come to impact contemporary experience. [ABSTRACT FROM AUTHOR]

The aim of this study is to identify the similarities and differences between the sets of standards by comparing the provisions related to the inventories in Turkish Accounting Standards 2 (TAS 2) and Financial Reporting Standard for Large and Medium Sized Enterprises (FRS for LMEs). Within this concept, the regulations in the the sets of standards that are related to inventories are examined by content analysis approach. According to the findings, there are differences between the sets of standards in determination of inventory cost and especially in the service enterprises when the revenue from the service provided is not reflected in the financial statements as income. Apart from these, it is found out that the provisions related to inventories are compatible with each other. [ABSTRACT FROM AUTHOR]

Copyright of Journal of International Social Research is the property of Journal of International Social Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Muhasebe uygulamalarına yön veren kurallar bütünü olarak adlandırılan standartların temeli muhasebe ilkelerine, muhasebe ilkelerinin temeli ise muhasebenin temel kavramlarına dayanmaktadır. Muhasebe uygulamalarına yön veren bu standartlar ise aynı şekilde muhasebe politikalarını belirlemektedir. Tüm dünya ülkelerinin düzenlemeleri arasında bir standart olması amacıyla oluşturulan kurullardan bir tanesi olan Türkiye Muhasebe Standartları Kurulu’nun oluşturduğu Türkiye Finansal Raporlama Standartları, Uluslararası Muhasebe Standartları Komitesince çıkarılan Uluslararası Finansal Raporlama Standartları ile paralellik göstermektedir. Bu çalışmanın amacı işletmelerdeki kayıt tutarsızlığını gidermek amacıyla geliştirilmiş TMS 32 Finansal Araçlar: Sunum, TMS 39 Finansal Araçlar: Muhasebeleştirme ve Ölçme ve TFRS 7 Finansal Araçlar: Açıklamalar ve TFRS 9 Finansal Araçlar Standartları gereği getirilen yeniliklerin ne olduğunu ortaya koymaktır.

Copyright of Contaduría y Administración is the property of Facultad de Contaduria y Administracion-Universidad Nacional Autonoma de Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Research Journal of Politics, Economics & Management / Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi is the property of Research Journal of Politics, Economics & Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Jednym z najistotniejszych obszarów działalności banków komercyjnych jest działalność kredytowa, której sposób ujęcia w księgach rachunkowych i sprawozdaniach finansowych determinuje obraz sytuacji majątkowej i finansowej odzwierciedlony w sprawozdawczości finansowej banku komercyjnego. Podstawowym celem artykułu jest zbadanie ujęcia w sprawozdaniach finansowych banków komercyjnych różnych form działalności kredytowej i ich metod wyceny. Zastosowanie różnych metod wyceny bilansowej wierzytelności kredytowych wpływa na obraz sytuacji majątkowej i finansowej banku komercyjnego.

Introduction. Multi-level governance, which has become a standard for regulation of accounting in the leading jurisdictions around the world, requires research into models of its application in terms of comparability between countries and in terms of their application in Ukraine. On behalf of use of such models in Ukraine it is important to study the experience of continental Europe's countries, which, unlike their Anglo-Saxon counterparts had similar legal system to our country. Purpose. The goal we have been following was to analyze and give detailed description of private sector accounting regulator in Germany, to determine the main features of this model, which distinguish it from others in the context of the application of similar systems in Ukraine. Additional goal was to raise awareness of the difference between the terms "management" and "governance" which often are used interchangeably in today's Ukraine. Methods. We used monographic method to depict the views of researchers on multi-level governance and regulation of accounting in Germany: the method of analysis of documents, analysis and method of abstraction to identify the main characteristics and features of accounting regulation models in Germany; dialectical logic and abstract-logical method to synthesize research results and drawing conclusions. Results. Organizational structure, membership, main functional responsibilities of governing bodies, and due process of technical committees of Accounting standards committee of Germany have been ascertained. The key features of multi-level governance is given, the differences between the terms "governance" and "government" is defined. It is proved that ASCG meets all criteria inherent in multilevel models of accounting regulation. The use of such a regulatory system in Ukraine is recommended. Discussion. We support the contention that use of a similar model of multilevel governance of accounting in Ukraine would lift regulation of accounting at the level that would be harmonized with the economic environment of the country's demonopolised from state influence environment and would lead towards convergence of financial reporting in Ukraine on all three levels of convergence established by New Institutional accounting. [ABSTRACT FROM AUTHOR]

The article discusses several developments involving anti-money laundering laws in the U.S. as of 2015, and it mentions statutory history, organized crime-related laws, and legislation such as America's Bank Secrecy Act and the country's Comprehensive Crime Control Act of 1984.

Purpose – This study aims to analyze IFIs’ stakeholders’ perception on Shariah harmonization for financial reporting standards inIndonesia as a part of the development effort of linking the emerging global Islamic banking to Indonesian financial and industrial markets. Design/methodology/approach – A sample of 160 respondents, who were stakeholders of Islamic banks, was taken from Jakarta, the capital city of Indonesia and its surrounding major districts to examine the stakeholders’ perception on Shariah harmonization effort toward the implementation of a uniformed financial reporting standard for Islamic financial institutions. Data for this study were collected using a structured questionnaire. Findings – Through this study, the authors found several measures to be taken to ensure Shariah harmonization efforts in Indonesia such as deep understanding on the fatawā brought into practices and strict monitoring on the Islamic banks in applying the financial reporting standards that imply practicing the fatawā, both de jure and de facto. However, the respondents differ in their opinion on the possibility of Shariah harmonization, both de jure and de facto. The role of various actors involved in the financial reporting standardization may impede Shariah harmonization to take place. Research limitations/implications – The study is only looking at one case study, which is Indonesia. Therefore, future studies should consider more countries and significant number of respondents. Different research instruments to measure the perception can also be an interesting research exploration. In addition, adopting deep Islamic political economy of accounting theory may support better analysis on the issue of financial reporting standardization for Islamic financial institutions. Originality/value – This paper has practical significance for financial reporting standard setters for Islamic banks and policy-makers to understand the key behavioral and demographical dimensions of their stakeholders and using these dimensions to effectively position important aspects in financial reporting standards setting. [ABSTRACT FROM AUTHOR]

This paper examines the potential for sector-specific financial reporting standards to enhance the comparability of third sector organisations' (TSOs') financial statements. It draws on sixty-five interviews and an analysis of reporting standards to highlight two key problems that impair the comparability of TSO financial statements under sector-neutral standards - disclosures concerning donated PPE and fund accounting. The findings reveal that sector-specific standards can improve report comparability by providing TSOs with contextual examples and an appropriate definition of control. Further, this study extends the literature by illustrating some limitations to how well sector-specific standards can enhance comparability and protect the public interest. These findings are of relevance to financial reporting standard setters and countries that are grappling with how to address third sector comparability. [ABSTRACT FROM AUTHOR]