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Socially Responsible Accounting Reporting: Financial Aspects, A. Sadeghzadeh

Faculty of Business - Accounting & Finance Working Papers

The shortcomings of financial reports in some respects, have been criticised by many researchers and academicians. In this study some of the main shortcomings, associated with the acknowledged functions of financial reports, are pointed out and the necessity for regulating accounting reporting is justified. Based on the generally accepted concept of full disclosure, the role and responsibilities of financial reporting is highlighted and "socially responsible accounting reporting", in relation to the influence of culture on accounting, is defined.