Decision-usefulness in financial reports

A CPA Australia funded Australian study by academics from the University of Melbourne and Monash University. This study, and subsequent series of reports, make a valuable contribution to the ongoing global debate into the value and relevance of financial reports.

See also: Do financial statements still matter? – INTHEBLACK


Annual reports of unlisted Australian for-profit entities: Are they used when making decisions? (PDF)
This report identifies some of the key decisions made by users of annual reports prepared by non-listed Australian for-profit entities, and presents the components of annual reports that users consider important. Using research funded by CPA Australia and conducted by Swinburne University of Technology, it presents findings from an analysis of financial information presented under IFRS for SMEs, compared with financial information presented under Australian Accounting Standards, Reduced Disclosure Requirements.

AASB 16 Leases: Investor perspectives (PDF)
This report provides results from our interview-based study of Australian professional investors, focussing on insights into the impact of the introduction of AASB 16 Leases (the Australian equivalent of IFRS 16 Leases) on investor decision making. It highlights some of the key benefits and challenges associated with interpreting the new requirements, and aims to give insights as to how investors are applying the information in their investment decision-making processes.

Is the market ready to implement AASB 16/IFRS 16 Leases? (PDF)
Research funded by CPA Australia and conducted by the University of Melbourne has identified that good progress is being made on the journey to implement AASB 16/IFRS 16 Leases. Read the interim report into this ongoing project to obtain some insights into the ongoing challenges faced by preparers and the expected post-implementation benefits.

Promoting improved transparency, accountability and economic policy for governments: The Australian experience (PDF), CPA Australia, 2012
This report examines the important role that the information derived from an independently-set accrual accounting standards-based reporting framework can have in informing government policy to the challenges brought on by the banking and sovereign debt crises.


Short selling (MP3)
This recording highlights some of the salient findings from CPA Australia funded research conducted by Associate Professor Haiyan Jiang, University of Waikato, New Zealand. The research project explored short selling and its effect on profit manipulation, and shareholder protections in place as part of a country’s regulatory environment.


Reporting entity concept

CPA Australia held two roundtables in November 2014 to explore the Australian Accounting Standards Board’s (AASB) research findings into the application of the concept within Australian financial reports.

As a precursor to the roundtables CPA Australia developed two issues papers that explored some of the themes relevant to financial reporting in the for-profit and not-for-profit sectors:

AASB's reporting entity concept project to date