Australia’s AASB surveys literature on financial reporting by non-corporate or small entities

The Australian Accounting Standards Board (AASB) in April published Financial Reporting by Non-Corporate or Small Entities. This report broadly surveys the academic literature available on financial reporting by non-corporate and small entities, user, and stakeholder needs, and regulatory oversight.

The report surveys published academic literature spanning the period 1990 – 2019 and identifies gaps in the literature to guide further research.