Review ofFinancial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973-2000

2008 ◽  
Vol 7 (2) ◽  
pp. 173-180
Author(s):  
Alan J. Richardson
Keyword(s):  
Capital Markets ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
Global Capital ◽  
History Of

THE ROLE OF NON-GOVERNMENTAL ORGANIZATIONS (NGOs) AS INTERMEDIARIES OF THE EUROPEAN UNION DECISION TO ADOPT INTERNATIONAL ACCOUNTING STANDARDS: 1973–2002

2016 ◽  
Vol 43 (2) ◽  
pp. 59-127 ◽  
Author(s):  
Devrimi Kaya ◽  
Robert J. Kirsch ◽  
Klaus Henselmann
Keyword(s):  
European Union ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
The European Union ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
History Of ◽  
The Many

This paper analyzes the role of non-governmental organizations (NGOs) as intermediaries in encouraging the European Union (EU) to adopt International Accounting Standards (IAS). Our analysis begins with the 1973 founding of the International Accounting Standards Committee (IASC), and ends with 2002 when the binding EU regulation was approved. We document the many pathways of interaction between European supranational, governmental bodies and the IASC/IASB, as well as important regional NGOs, such as the Union Européenne des Experts Comptables, Économiques et Financiers (UEC), the Groupe d'Etudes des Experts Comptables de la Communauté Économique Européenne (Groupe d'Etudes), and their successor, the Fédération des Experts Comptables Européens (FEE). This study investigates, through personal interviews of key individuals involved in making the history of the organizations studied, and an extensive set of primary sources, how NGOs filled key roles in the process of harmonization of international accounting standards.

Adoption of international accounting standards and performance of emerging capital markets

2016 ◽  
Vol 15 (2) ◽  
pp. 252-272 ◽  
Author(s):  
Karim Mhedhbi ◽  
Daniel Zeghal
Keyword(s):  
Capital Markets ◽  
Accounting Standards ◽  
Policy Implications ◽  
International Accounting ◽  
International Accounting Standards ◽  
Content Type ◽  
Before And After ◽  
Emerging Capital Markets ◽  
International Investors ◽  
And Performance

Purpose The purpose of this paper is to examine empirically the association between the adoption of international accounting standards (IAS/IFRS) and the performance of emerging capital markets. Design/methodology/approach Data related to 31 developing countries with capital markets were used. The authors performed univariate analyses (means comparison before and after the use of IAS/IFRS), as well as multivariate analyses (estimation of models of panel data), to test the hypothetical relations set up in the paper. Findings The results suggest that the performance of emerging capital markets is significantly and positively associated with IAS/IFRS use. They are consistent with several empirical investigations which highlighted the relevance of financial information under IAS/IFRS in emerging capital markets. Practical implications Several organizations and decision-makers including the IASB, governments, capital markets regulators and international investors should find the policy implications of this paper very meaningful. Originality/value To the best of the authors’ knowledge, the relationship between the use of IAS/IFRS and the performance of emerging capital markets based on a group of countries has not yet been explored.

scholarly journals Vietnam’s path to converging with international accounting standards

2016 ◽  
Vol 14 (1) ◽  
pp. 644-655 ◽  
Author(s):  
Pham Hoai Huong
Keyword(s):  
Global Convergence ◽  
Emerging Markets ◽  
Financial Reporting ◽  
Capital Markets ◽  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Initial Approach

This research investigates Vietnam’s approach to converging with international accounting standards using a variety of de jure convergence scores between Vietnamese Accounting Standards (‘VAS’) and International Accounting Standards/International Financial Reporting Standards (‘IAS/IFRS’), such as full convergence, partial convergence and non-convergence. Vietnam’s initial approach to converging with IAS/IFRS is one of selecting suitable IAS/IFRS issues to fully adopt, but there are few VAS issues modified from IAS/IFRS. The level of convergence between VAS and their equivalent IAS/IFRS is quite high at the beginning (84%), then drops significantly to 63% in 2013 due to non-response to subsequent amendments to IAS and new IFRS. If Vietnam is to effectively compete in the world’s capital markets then a resurgence of the convergence program is urgently needed. If the International Accounting Standards Board (‘IASB’) is to achieve its global convergence goals, then it should consider the implications of IAS/IFRS convergence specific to emerging markets.

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