Criticall y discuss the findings of Sherman and Young (2016) and the extent to which

comparability and consistency between financial statements can be viewed as achievable in

the current financial reporting landscape. Academic theory and contemporary evidence should
be used to validate your discussion.
Back in 2002, the world seemed to be on the verge of an accounting revolution. An initiative
was under way to create a single set of international accounting standards… But in a broad
sense, convergence has stalled, and further substantive changes seem unlikely in the near
future.’
Sherman, H.D. & Young, D. (2016) “Where Financial Reporting Still Falls Short”; Harvard
Business Review, July – August, p77-84

Incorporating the below articles to answer the above question in term of

How, Why, what

1. Has Triple Bottom Line enabled a monetary value to be put on

our planet’s natural and human resources; did it achieve what
it set out to do?
2. Financial Reporting Still Falls Short (GAAP vs IFRS)
3. Do Motivators For SER Vary Between Different Economies?
Through Stakeholder Theory
4. Does employee disclosure attract investors?