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True and Fair View or rzetelny i jasny obraz ? A survey of polish practitioners

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  • Katarzyna Kosmala

Abstract

The ongoing harmonisation processes with the European market (EC regulation 2002 on the application of International Accounting Standards, hereafter IAS) drive reforms in the Polish accounting framework. In 2000, the Accounting Act introduced significant changes to the 1994 Accounting Act, its predecessor. New accounting terminology and provisions based on the IAS framework were introduced and a substantial number of existing regulations modified. This paper outlines recent developments in Polish accounting and discusses their implications for the realisation of the True and Fair View construct (hereafter TFV). Legal changes (de jure analysis) are confronted with the insights from an exploratory study on the local operationalisation of the TFV construct. The questionnaire survey with Polish practitioners was conducted in the years 2000 and 2001. Then, follow-up interviews were carried out in order to validate the questionnaire data categorisation. Insights from the study raise issues of the (un)transferability of constructs such as the TFV across languages and culture though there is emerging evidence indicating that the current regulatory framework putatively supports the TFV concept. In practice, there appears to be a lack of consensus in translation and grammatical construction of the TFV concept, revealing a general local unfamiliarity with the substance of this 'Western'-originated and constructed predominantly in the British and American context construct. The paper concludes that a Polish equivalent for the TFV as a multifaceted construct, a derivative of a hybrid experience, cannot be realised outside the localised Central and Eastern European reality in which it is situated, despite the new Europe discourse.

Suggested Citation

  • Katarzyna Kosmala, 2005. "True and Fair View or rzetelny i jasny obraz ? A survey of polish practitioners," European Accounting Review, Taylor & Francis Journals, vol. 14(3), pages 579-602.
    • Handle: RePEc:taf:euract:v:14:y:2005:i:3:p:579-602
    DOI: 10.1080/0963818042000336746
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    Citations

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    Cited by:

    1. Laaksonen, Jenni, 2022. "Translation, hegemony and accounting: A critical research framework with an illustration from the IFRS context," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 89(C).
    2. Judy Day & Peter Taylor, 2010. "Trajectories of accounting and auditing development in EU enlargement: comparative analysis of ten new member states," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 14(4), pages 313-350, November.
    3. Carmen Giorgiana Bonaci & Adriana Tiron Tudor, 2011. "Fair Value Empirical Studies: An Overview On Acconting Research Literature," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-1.
    4. Janni Grouleff Nielsen & Rainer Lueg & Dennis van Liempd, 2019. "Managing Multiple Logics: The Role of Performance Measurement Systems in Social Enterprises," Sustainability, MDPI, vol. 11(8), pages 1-23, April.
    5. Bohuslava Knapová, 2006. "Fair and True View in Czech and Polish Practices [Věrný a poctivý obraz v české a polské účetní praxi]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2006(4), pages 140-145.
    6. Anne Marie Garvey & Laura Parte & Bridget McNally & José Antonio Gonzalo-Angulo, 2021. "True and Fair Override: Accounting Expert Opinions, Explanations from Behavioural Theories, and Discussions for Sustainability Accounting," Sustainability, MDPI, vol. 13(4), pages 1-23, February.
    7. Weetman, Pauline, 2006. "Discovering the ‘international’ in accounting and finance," The British Accounting Review, Elsevier, vol. 38(4), pages 351-370.
    8. Claudia Catalina CIOCAN & Iuliana GEORGESCU & Mihai CARP, 2020. "The Perception of the Representatives of the Accounting Profession from Romania on the Relationship Between Conservatism and True and Fair View," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 18(159), pages 585-585.
    9. Kettunen, Jaana, 2017. "Interlingual translation of the International Financial Reporting Standards as institutional work," Accounting, Organizations and Society, Elsevier, vol. 56(C), pages 38-54.

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