The introduction of International Accounting Standards in Europe: Implications for international convergence
- 1 January 2005
- journal article
- Published by Informa UK Limited in European Accounting Review
- Vol. 14 (1), 101-126
- https://doi.org/10.1080/0963818042000338013
Abstract
This paper describes several implementation effects associated with the mandated adoption of international financial reporting standards promulgated by the International Accounting Standards Board in the European Union, including a possible increased demand for detailed implementation guidance and for a single European securities regulator. The paper also discusses the mandated adoption as a research setting for considering the relative influences of standards versus incentives as determinants of financial reporting outcomes, and describes two standard setting challenges that may become more pronounced as a result of the mandated adoption.Keywords
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