Stewardship/Accountability as an Objective of Financial Reporting

The European Financial Reporting Advisory Group (EFRAG), the UK Accounting Standards Board (ASB) and a number of other European accounting standard-setters have published a brief paper called Stewardship/Accountability as an Objective of Financial Reporting. The paper discusses the rationale for including stewardship or accountability to shareholders as a separate objective of financial reporting. It is available from the EFRAG website and the UK Financial Reporting Council (FRC) website.