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What are the reporting and disclosure risks of using independent contractors?
Author(s) -
Mason J. David
Publication year - 1996
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970070407
Subject(s) - accounting , business , independent contractor , actuarial science , finance , engineering , work (physics) , mechanical engineering
More and more companies are using independent contractors, instead of traditional employees, to cut costs. But are they really independent contractors? Will your firm's classification of them be challenged? The answers can have big implications for financial reporting and disclosures.