Janice Loftus, BBus, MCom (Hons), FCPA, is an associate professor in accounting at the University of Adelaide. Her teaching interests are in the area of financial accounting and accounting theory, and she has written several study guides for professional and tertiary distance-learning programs. Janice’s research interests are in the area of financial reporting. She co-authored Accounting Theory Monograph 11 on solvency and cash condition with Professor M C Miller. She has numerous publications on international financial reporting standards, risk reporting, solvency, earnings management, social and environmental reporting, and developments in standard setting in Australian and international journals. Janice co-authored several other accounting texts published by John Wiley & Sons including ‘Accounting: Building Business Skills’, ‘Understanding Australian Accounting Standards’ and ‘Applying IFRS Standards’. She is a member of the executive of the Accounting Standards Interest Group of AFAANZ. Prior to embarking on an academic career Janice held several senior accounting positions in Australian and multinational corporations.