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Why did(n't) the accountant cross the road? Towards a model of European enforcement of International Financial Reporting Standards

By Sally Aisbitt

Abstract

International studies of accounting have recognised the importance of 'culture' in accounting systems. Various definitions of and proxies for culture have been used in the accounting literature. These have contributed little to our understanding, save that culture is a complex issue and is clearly important for the development and practice of accounting.\ud \ud This paper brings together two strands of literature (culture and regulatory compliance) to point out practical weaknesses in the transition to global reporting in the form of International Financial Reporting Standards (IFRS). The discussion centres on the European Union (EU), a culturally diverse region that is requiring the use of IFRS in the consolidated financial statements of listed companies from 2005. The article goes on to contribute to the emerging literature on enforcement by proposing a model for policing IFRS

Year: 2004
OAI identifier: oai:oro.open.ac.uk:1591
Provided by: Open Research Online

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