oa Meditari : Research Journal of the School of Accounting Sciences - Financial reporting by South African long-term insurers : a comparative study



The objective of this study was to identify the impact of a perceived inadequacy of authoritative South African financial reporting guidance for long-term insurers, on the basic financial statement characteristic of comparability. The authors attempted to identify areas of non-comparable presentation and disclosure and to suggest relevant guidance.

To assess comparability, the financial statements of five insurers were evaluated using a checklist specifically developed for this study. This process identified seven main categories of significant non-comparable presentation and disclosure practices. Solutions were proposed for these areas, based inter alia on existing international literature and guidance.


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