An exploratory study of the effect of country-by-country reporting ambiguities on Johannesburg Stock Exchange-listed companies

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dc.contributor.authorThiart, Caraen_ZA
dc.contributor.authorNel, George F.en_ZA
dc.date.accessioned2018-07-19T12:31:44Z
dc.date.available2018-07-19T12:31:44Z
dc.date.issued2018
dc.descriptionCITATION: Thiart, C. & Nel, G. F. 2017. An exploratory study of the effect of country-by-country reporting ambiguities on Johannesburg Stock Exchange-listed companies. South African Journal of Economic and Management Sciences, 21(1): a2129, doi:10.3390/scipharm85010006.
dc.descriptionThe original publication is available at https://sajems.org
dc.descriptionPublication of this article was funded by the Stellenbosch University Open Access Fund.
dc.description.abstractBackground: South Africa issued regulations implementing country-by-country (CbC) reporting standards for multinational enterprises (MNEs) on 23 December 2016. Country-by-country reporting will be applicable to all MNEs with a group revenue in excess of R10 billion. Aim: The aim of the study was twofold: to identify ambiguities that might influence the filing obligation and subsequent scope of CbC reporting in South Africa and to quantitatively measure the potential impact of any identified ambiguities. Setting: This study used data from Johannesburg Stock Exchange-listed companies. Methods: The study commences with a review of the relevant regulations and other applicable literature and continues with a quantitative analysis exploring alternative interpretations deduced from this review. Results: The review identified conflicting interpretations of how companies can be categorised as an MNE Group or not, as well as in measuring the revenue threshold. An analysis of the group structures and annual reports of a selected sample of 78 companies showed that the scope of CbC reporting will depend on the definitions applied to an MNE Group and revenue. Conclusion: Further guidance is needed to determine whether non-controlling entities must be considered as Constituent Entities, as well as how to measure revenue (i.e. whether only the International Financial Reporting Standards [IFRS] 15 revenue line item should be used or whether other income should also be included).en_ZA
dc.description.urihttps://sajems.org/index.php/sajems/article/view/2129
dc.description.versionPublisher's version
dc.format.extent8 pages
dc.identifier.citationThiart, C. & Nel, G. F. 2017. An exploratory study of the effect of country-by-country reporting ambiguities on Johannesburg Stock Exchange-listed companies. South African Journal of Economic and Management Sciences, 21(1): a2129, doi:10.3390/scipharm85010006
dc.identifier.issn2222-3436 (online)
dc.identifier.issn1015-8812 (print)
dc.identifier.otherdoi:10.3390/scipharm85010006
dc.identifier.urihttp://hdl.handle.net/10019.1/104168
dc.language.isoen_ZAen_ZA
dc.publisherAOSIS Publishing
dc.rights.holderAuthors retain copyright
dc.subjectFinancial statements -- Standardsen_ZA
dc.subjectIFRSen_ZA
dc.subjectInternational business enterprisesen_ZA
dc.subjectJohannesburg Stock Exchangeen_ZA
dc.titleAn exploratory study of the effect of country-by-country reporting ambiguities on Johannesburg Stock Exchange-listed companiesen_ZA
dc.typeArticleen_ZA
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