Should the Rules for Interim Reporting in Hong Kong Be Changed? A Review of Annual Reports
AbstractThe purpose of this research was to investigate the need forchanges in the requirement for interim reporting in Hong Kong. In order to partily fulfill the purpose, date was gathered from Hong Kong annual report. Many countries aready require interim reporting but the reporting details vary from country to country. At the present, companies in Hong Kong report on a semi-annual basis, but these reports are not officially reviewed. Also only limited information is provided. Some have argued this situation should also change. Only very limite information is Hong Kong interim reports at the present time. Changes my need to be made or Hong Kong may not remain competitive in international financial markets. International financial markets are rapidly becoming a single global market. For these markets, most large institutional users are not satisfied with the existing levels of disclosures by multination firms. These issues will remain important to those interested in Hong Kong markets. It is hoped that this study has provided some helpful information about the interim reporting practices in Hong Kong and provide some insight as the direction future research should take. Keywords: interim financial statements, financial statement reviews
How to Cite
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).