Open-book accounting
Open-book accounting (OBA) is a
accounts to some or all of those with an interest in the organisation, including its employees and its shareholders (including those whose shareholding is managed indirectly, for example through a mutual fund) and supply chain.[1] This effectively means all members of the public.[2]
Since almost all accounting records are now kept in electronic form, and since the computers on which they are held are universally connected, it should be possible for accounting records to be world-readable.[3]
This is an aspiration: at present, organisations run their accounts on systems secured behind
publicly quoted companies is carefully choreographed to ensure that it reaches all participants in the market equally.[4]
Adoption
OBA has become "a well-known practice in supply chain management", although Louise Dunne noted in 2014 that "it is still in its infancy".Worldcom.[1]
See also
References
- ^ .
- ^ "Open book accounting - Designing Buildings Wiki". www.designingbuildings.co.uk. Retrieved 2016-08-10.
- ^ "Open book accounting - Designing books of accounts. Wiki". www.designingbuildings.co.uk. Retrieved 2016-08-10.
- ^ "Open book accounting - Designing Buildings Wiki". www.designingbuildings.co.uk. Retrieved 2016-08-10.
- CIPFA, published 24 February 2014, accessed 25 November 2023
- ^ CIPFA in partnership with Stradia, Open Book Accounting, n.d.
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