Since 2014
Do Banks in Australia and Saudi Arabia Disclose Value Reporting Information?
Journal of Administrative and Economics Science
View Archive Info| Field | Value | |
| Title |
Do Banks in Australia and Saudi Arabia Disclose Value Reporting Information?
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| Creator |
Al-turki, Khalid Hamad
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| Description |
The main aim of this paper is to investigate to what extent banks in Saudi Arabia and Australia follow the benchmarks of theValue Reporting Framework published by the PricewaterhouseCoopers, namely: Market Overview, Strategy, Value Creating Activities andFinancial Performance. An archival method has been used to evaluate the existence of the PricewaterhouseCoopers' elements in the annualreports of the chosen banks. Therefore, two publicly traded banks from each country have been randomly selected and the latest annualreports have been obtained for each bank. The selected Australian banks are Westpac Bank and Commonwealth Bank and the selected Saudibanks are Alrajhi Bank and Saudi American Bank.The results were amazing with fair value reporting for all banks, especially for the Commonwealth Bank. The financial performancesegment in the Value Reporting Framework was given the highest score (59%) in which means that the banks concerned more about theirfinancial positions, risk profiles, economic performances, segmental analyses and accounting policies. The market overview segment in theValue Reporting Framework was the second highest score (54%) in for all banks showing that the banks also were conscious to theimportance of the competitive, regulatory and macro environments in their reports. An average score of 51% were given to all banks. Thetwo Australian banks are generally better then the Saudi banks in their reporting and show more fair value reporting. Commonwealth Bankwas mostly given higher scores than Westpac. Commonwealth Bank is giving a very good example in providing comprehensive informationin their Annual Report.Keywords: Value Reporting Framework, Disclosure, Banks.
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| Publisher |
Qassim University Academic Publishing and translation
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| Contributor |
—
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| Date |
2008-04-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://publications.qu.edu.sa/ojs/index.php/economic/article/view/123
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| Source |
Journal Of Administrative And Economics Science; Vol 1, No 2
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| Language |
eng
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| Relation |
http://publications.qu.edu.sa/ojs/index.php/economic/article/view/123/120
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