Transparency and Understandability, but for Whom?
The article focuses on the understandability of consolidated financial report of the U.S. Federal Accounting Standards Advisory Board (FASAB) to average citizens and questions whether the Financial Accounting Standards Board (FASB) and the other standards setters are moving away from transparency in financial reporting. The four user-groups of federal financial information identified by the FASAB include citizens, the U.S. Congress, executives and program managers.
School of Accountancy
Ewer, Sid R. "Transparency and understandability, but for whom?." The CPA Journal 77, no. 2 (2007): 16-22.