publication . Part of book or chapter of book . 2011

Implementation of international financial reporting standards (IFRS) and their impact on economic growth

Gorgieva-Trajkovska, Olivera; Miteva-Kacarski, Emilija;
Open Access
  • Published: 01 Nov 2011
  • Publisher: Tsenov Academic Publishing House, Svishtov
  • Country: Former Yugoslav Republic of Macedonia
Abstract
The confidence in the transparency and integrity of financial reporting is critically important to global financial stability and sound economic growth. The global financial crisis has led many economic and financial market participants to reexamine their governance, practices, and standards. Effective financial reporting depends on high quality accounting standards as well as the consistent and faithful application and rigorous independent audit and enforcement of those standards. Because of the global nature of the financial markets, it is very important to achieve a single set of high quality, globally converged financial reporting standards that provide cons...
Subjects
free text keywords: Economics and business
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Part of book or chapter of book . 2011
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