publication . Preprint . Research . 2015

Economic consequences of the adoption of the International Financial Reporting Standards: evidences in the research literature

Pãºcan, Irina-Doina; Neag, Ramona;
Open Access
  • Published: 01 Apr 2015
Abstract
Along with the economic globalization, the international accounting regulation bodies faced the need to issue internationally accepted global accounting standards. The effect was the issuance and the widespread of the International Financial Reporting Standards (IFRS). At European level, the IFRS gained legitimacy in 2002, when the European Parliament and Council have decided that all European publicly traded entities must prepare their consolidated financial statements in accordance with IFRS starting with January 1st, 2005. The regulation from 2002 on the application of the international standards in EU summarizes the benefits emerging from the adoption and us...
Subjects
free text keywords: Economic consequences; International Financial Reporting Standards; listed entities; quality of financial information; stakeholders, G14, M41, Economic consequences, International Financial Reporting Standards, listed entities, quality of financial information, stakeholders, jel:G14, jel:M41, ddc:330

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