Current Debates Regarding International Accounting Harmonization, Standardization and Compliance

Download or read book Current Debates Regarding International Accounting Harmonization, Standardization and Compliance written by Ioana Anghel and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central goal of the adoption of the IFRS was to improve the quality of accounting information and to ensure greater comparability and transparency of international financial reporting. This paper is intended to identify the importance of accounting and financial information in the present context of continuous and dynamic change towards globalization on all levels, in order to outline the underlying factors that generate differences regarding international accounting. At the same time, the paper traces the evolution of international accounting harmonization, standardization and uniformity with the aim of describing the advantages, concerns, success and flaws of the IAS/IFRS framework.