An analysis and assessment of integrated reporting disclosure : a millennials’ perspective
- Authors: Dama, Aziza
- Date: 2018
- Subjects: Corporation reports , Sustainable development reports , Social responsibility of business , Corporate governance , Employees - Reporting to , Disclosure of information , Disclosure in accounting
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/295793 , uj:32218
- Description: Abstract: The general public, and in particular, the millennial generation a new generation of stakeholders is becoming more aware of environmental and social issues and are demanding greater social responsibility from companies. Millennials are interested in sustainability, environmental and social responsibility and corporate governance issues and they expect companies ‘to improve society’. Although there has been a recent shift to better sustainability and integrated reporting, it appears that the current reporting practices of companies may not meet the expectations of the millennial generation, seeing that millennials still have negative perceptions about companies. While sustainability and integrated reporting have been studied widely, very little assessment has been made of whether companies are providing sufficient disclosure that is relevant to millennials. The objective of this research is to analyse disclosures of sustainability, environmental and social responsibility practices and goals and corporate governance practices and the manner in which these disclosures were presented in order to assess whether adequate disclosure, relevant to millennials’ expectations of companies, has been provided. A qualitative research strategy was followed. A systematic, empirical review was conducted by means of a content analysis using a basic checklist. The most recent financial years’ integrated reports of the companies in the sample were examined, as well as their websites and social media accounts. The results indicate that there are areas for improvement in all the disclosure categories examined and that companies’ use of their websites and social media is inadequate to cater for millennials’ information requirements. Only approximately one third of the companies studied are expected to attract millennials as investors, consumers, or potential employees (i.e. both shareholders and stakeholders) and therefore integrated reporting disclosure needs to be improved in order to make companies more appealing to them. This study offers a new perspective on current integrated reporting practices and provides guidance on integrated reporting and the preparation of integrated reports going forward. , M.Com. (International Accounting)
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- Authors: Dama, Aziza
- Date: 2018
- Subjects: Corporation reports , Sustainable development reports , Social responsibility of business , Corporate governance , Employees - Reporting to , Disclosure of information , Disclosure in accounting
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/295793 , uj:32218
- Description: Abstract: The general public, and in particular, the millennial generation a new generation of stakeholders is becoming more aware of environmental and social issues and are demanding greater social responsibility from companies. Millennials are interested in sustainability, environmental and social responsibility and corporate governance issues and they expect companies ‘to improve society’. Although there has been a recent shift to better sustainability and integrated reporting, it appears that the current reporting practices of companies may not meet the expectations of the millennial generation, seeing that millennials still have negative perceptions about companies. While sustainability and integrated reporting have been studied widely, very little assessment has been made of whether companies are providing sufficient disclosure that is relevant to millennials. The objective of this research is to analyse disclosures of sustainability, environmental and social responsibility practices and goals and corporate governance practices and the manner in which these disclosures were presented in order to assess whether adequate disclosure, relevant to millennials’ expectations of companies, has been provided. A qualitative research strategy was followed. A systematic, empirical review was conducted by means of a content analysis using a basic checklist. The most recent financial years’ integrated reports of the companies in the sample were examined, as well as their websites and social media accounts. The results indicate that there are areas for improvement in all the disclosure categories examined and that companies’ use of their websites and social media is inadequate to cater for millennials’ information requirements. Only approximately one third of the companies studied are expected to attract millennials as investors, consumers, or potential employees (i.e. both shareholders and stakeholders) and therefore integrated reporting disclosure needs to be improved in order to make companies more appealing to them. This study offers a new perspective on current integrated reporting practices and provides guidance on integrated reporting and the preparation of integrated reports going forward. , M.Com. (International Accounting)
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IT and cloud governance disclosures of South African financial institutions
- Authors: Ally, Zaakir
- Date: 2016
- Subjects: Cloud computing , Auditing - Computer programs , Disclosure in accounting
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225517 , uj:22778
- Description: Abstract: South African banks are spending billions as they launch new applications, upgrade legacy systems and adopt cloud computing. It is important that these financial service providers identify and address the information technology (IT) and cloud-related risks as IT and cloud governance forms part of their corporate governance. It appears that many financial service providers do not comply with the governance disclosure requirements of the King Code of Governance for South Africa 2009 (King III) report in terms of IT disclosures, resulting in a lack of transparency for stakeholders in terms of IT and cloud governance. This study investigates IT and cloud governance through a comprehensive literature review and presents the King III IT governance and disclosure requirements. It also formulates self-developed cloud governance disclosure requirements based on the literature review conducted in the study. An empirical study was conducted to determine the extent of IT disclosure compliance of the top four financial service providers against the requirements of the King III report and to assess the extent to which these organisations disclose their cloud governance. The results were gathered by reviewing the top four financial service providers’ integrated annual reports published online. These four entities were selected as they are the leading financial service providers in South Africa based on market share and the number of online customers. Furthermore, they are required to comply with the King III requirements as they are listed on the Johannesburg Stock Exchange (JSE). The results of the study reveal that all of the top four financial service providers fully comply with the governance disclosure requirements of the King III report in terms of IT disclosure, however, there is room for improvement in terms of cloud governance disclosure in the financial service providers’ integrated annual reports. , M.Com. (Computer Auditing)
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- Authors: Ally, Zaakir
- Date: 2016
- Subjects: Cloud computing , Auditing - Computer programs , Disclosure in accounting
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225517 , uj:22778
- Description: Abstract: South African banks are spending billions as they launch new applications, upgrade legacy systems and adopt cloud computing. It is important that these financial service providers identify and address the information technology (IT) and cloud-related risks as IT and cloud governance forms part of their corporate governance. It appears that many financial service providers do not comply with the governance disclosure requirements of the King Code of Governance for South Africa 2009 (King III) report in terms of IT disclosures, resulting in a lack of transparency for stakeholders in terms of IT and cloud governance. This study investigates IT and cloud governance through a comprehensive literature review and presents the King III IT governance and disclosure requirements. It also formulates self-developed cloud governance disclosure requirements based on the literature review conducted in the study. An empirical study was conducted to determine the extent of IT disclosure compliance of the top four financial service providers against the requirements of the King III report and to assess the extent to which these organisations disclose their cloud governance. The results were gathered by reviewing the top four financial service providers’ integrated annual reports published online. These four entities were selected as they are the leading financial service providers in South Africa based on market share and the number of online customers. Furthermore, they are required to comply with the King III requirements as they are listed on the Johannesburg Stock Exchange (JSE). The results of the study reveal that all of the top four financial service providers fully comply with the governance disclosure requirements of the King III report in terms of IT disclosure, however, there is room for improvement in terms of cloud governance disclosure in the financial service providers’ integrated annual reports. , M.Com. (Computer Auditing)
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The disclosure of productivity information in the annual financial report
- Authors: Foyster, Johanna Wilhelmina
- Date: 2015-09-08
- Subjects: Disclosure in accounting , Disclosure of information , Financial statements , Performance standards , Industrial efficiency
- Type: Thesis
- Identifier: uj:14073 , http://hdl.handle.net/10210/14489
- Description: M.Com. , Please refer to full text to view abstract
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- Authors: Foyster, Johanna Wilhelmina
- Date: 2015-09-08
- Subjects: Disclosure in accounting , Disclosure of information , Financial statements , Performance standards , Industrial efficiency
- Type: Thesis
- Identifier: uj:14073 , http://hdl.handle.net/10210/14489
- Description: M.Com. , Please refer to full text to view abstract
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The decision-usefulness of insurance accounting information
- Authors: De Wet, Yolindi
- Date: 2015
- Subjects: Insurance - Accounting , Disclosure in accounting , Exposure drafts , Financial statements , Accounting - Standards
- Language: English
- Type: Masters Thesis
- Identifier: http://hdl.handle.net/10210/54547 , uj:16237
- Description: Abstract: The International Accounting Standards Board is presently working on Phase II of the Insurance Contract project. The objective of this project is to compile a standard, based on principles, which will address accounting for various insurance contracts issued by companies and improve financial reporting comparability between companies. This research study critically evaluates whether decision-useful information will be provided by South Africa’s large, listed long-term insurers through the use of the IASB’s building block approach proposed in Phase II, the Exposure Draft on Insurance Contracts issued in 2013. A questionnaire developed for this study was used in a comparative analysis of current financial reporting and proposed financial reporting by long-term insurers. The findings of this research study indicate that IFRS 4 Phase II will result in the provision of decision-useful insurance accounting information. A long-term insurer’s financial reporting will be more consistent and comparable, which is aligned with the basic requirements of financial reporting. IFRS 4 Phase II will enhance comparability between various long-term insurers in South Africa. These findings support the conclusion that a move to IFRS 4 Phase II for long-term insurer financial reporting in South Africa will be beneficial to users of financial statements in making economic decisions. , M.Com. (Accounting)
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- Authors: De Wet, Yolindi
- Date: 2015
- Subjects: Insurance - Accounting , Disclosure in accounting , Exposure drafts , Financial statements , Accounting - Standards
- Language: English
- Type: Masters Thesis
- Identifier: http://hdl.handle.net/10210/54547 , uj:16237
- Description: Abstract: The International Accounting Standards Board is presently working on Phase II of the Insurance Contract project. The objective of this project is to compile a standard, based on principles, which will address accounting for various insurance contracts issued by companies and improve financial reporting comparability between companies. This research study critically evaluates whether decision-useful information will be provided by South Africa’s large, listed long-term insurers through the use of the IASB’s building block approach proposed in Phase II, the Exposure Draft on Insurance Contracts issued in 2013. A questionnaire developed for this study was used in a comparative analysis of current financial reporting and proposed financial reporting by long-term insurers. The findings of this research study indicate that IFRS 4 Phase II will result in the provision of decision-useful insurance accounting information. A long-term insurer’s financial reporting will be more consistent and comparable, which is aligned with the basic requirements of financial reporting. IFRS 4 Phase II will enhance comparability between various long-term insurers in South Africa. These findings support the conclusion that a move to IFRS 4 Phase II for long-term insurer financial reporting in South Africa will be beneficial to users of financial statements in making economic decisions. , M.Com. (Accounting)
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