Auditing, Reasoning Systems, Reporting Frameworks, and Accounting Policy Risk: A Response to Alexander

摘要

This response to Alexander (2010) clarifies the approach taken in Smieliauskas et al. (2008). Here we elaborate further on the significance of the accounting risk concept for fairness of presentation in financial reporting. In the process we show how Alexander's potentially important concept of accounting policy risk can be made operational via the concept of accounting risk.