The Australian differential reporting debate : a survey of practitioners

This paper reports the findings of an investigation into issues surrounding the differential reporting debate. This debate was formalised in Australia by the promulgation of the Australian Accounting Research Foundation's Exposure Draft 48"”Proposed Statement of Differential Reporting. However, the foundation has chosen not to provide guidance as to the standards considered applicable to non-reporting entities with its differential reporting proposal. A postal survey of practising accountants across Australia examined the respondents' perceptions as to the standards applicable to firms varied by size and legal structure. The paper provides initial empirical results indicating the way in which practitioners will apply standards under the differential reporting provisions proposed in the exposure draft and raises questions for future research.