Disclosure patterns in derivatives reporting by UK firms: Implications for corporate governance

Theresa Dunne, Alison Fox, Christine Helliar

    Research output: Contribution to journalArticle

    4 Citations (Scopus)

    Abstract

    This paper provides a description of an empirical investigation into the disclosure of information concerning the use of derivatives and other financial instruments in corporate annual reports of UK firms following the introduction of Financial Reporting Standard 13 (FRS 13) 'Derivatives and other financial instruments disclosures'. The results indicate that the implementation of this standard was associated with a substantial increase in derivatives-related information available in corporate annual reports. It is argued that this increase in disclosure has implications for the corporate governance and internal control mechanisms of the reporting companies.
    Original languageEnglish
    Pages (from-to)231-247
    Number of pages17
    JournalInternational Journal of Accounting, Auditing and Performance Evaluation
    Volume4
    Issue number3
    DOIs
    Publication statusPublished - 2007

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