Accounting impediments to better superannuation fund governance

Gallery, Gerry T. & Gallery, Natalie (2006) Accounting impediments to better superannuation fund governance. Accounting, Accountability and Performance, 12(2), pp. 33-57.


Financial reporting is a key governance mechanism by which superannuation fund trustees are accountable to fund members and other stakeholders. Apart from highly aggregated information contained in abridged financial reports, information disclosed to members in annual reports is unregulated and generally unaudited. This situation presents scope for trustees to manipulate disclosures, thus potentially misleading fund members and adversely affecting their decisions. Using a large superannuation fund as a case study, we investigate the quality of superannuation fund financial disclosure practices and the extent to which they are unbiased. Our findings reveal a lack of transparency in superannuation fund reporting that limits the usefulness of disclosures as a fund governance mechanism.

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ID Code: 6565
Item Type: Journal Article
Refereed: Yes
Additional URLs:
Keywords: Accounting standards, Financial reporting, Superannuation, Governance
ISSN: 1445-954X
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Financial Accounting (150103)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2006 Griffith Business School Department of Accounting, Finance and Economics, Griffith University
Copyright Statement: Reproduced in accordance with the copyright policy of the publisher.
Deposited On: 16 Mar 2007 00:00
Last Modified: 29 Feb 2012 13:26

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