Original Research

Developing a regulatory framework for the financial, management performance and social reporting systems for co-operatives in developing countries: A case study of South Africa

Gideon Nieman, Karel Fouché
Acta Commercii | Vol 16, No 1 | a285 | DOI: https://doi.org/10.4102/ac.v16i1.285 | © 2016 Gideon Nieman, Karel Fouché | This work is licensed under CC Attribution 4.0
Submitted: 02 September 2014 | Published: 31 August 2016

About the author(s)

Gideon Nieman, Department of Business Management, University of Pretoria, South Africa
Karel Fouché, Department of Auditing, University of Pretoria, South Africa


Share this article

Bookmark and Share

Abstract

Purpose: This report is on a team effort to advise the Department of Trade and Industry on the development of a regulatory framework for the auditing of Financial, Management. Performance and Social Reporting Systems for co-operatives. 
Orientation: There was no framework in place prescribing requirements for reporting on financial, management and social performance of co-operatives. As a result, the team assisted the Department of Trade and Industry with the development of a proposed reporting framework with reference to international best practices and existing financial reporting frameworks. 
Findings: The research performed showed that existing reporting frameworks and practices do not meet the reporting requirements of co-operatives in all aspects because of the different nature of co-operatives as opposed to shareholder-owned entities.

Keywords

Co-operatives; Regulatory framework; Financial reporting; Stakeholders; Governance

Metrics

Total abstract views: 1531
Total article views: 4426

 

Crossref Citations

1. All Bad? Experiences of Aging Among LGBT Elders in South Africa
Finn Reygan, Neil Henderson
The International Journal of Aging and Human Development  vol: 88  issue: 4  first page: 405  year: 2019  
doi: 10.1177/0091415019836929