Covenants, Soft Law et Audit: l'adoption des normes internationales par deux entreprises nationalisées françaises en 1983

Philippe Touron ()
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Philippe Touron: Pôle de Recherche - Rouen Business School - Rouen Business School

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Abstract: This article gives an historical lighting. Two state-owned companies THOMSON SA and RENAULT published consolidated financial in conformity with international accounting GAAP without any legal constraint. If funds' needs trigger the adoption, but normative pressures, the upcoming seventh European directive and the certification by Big Eights, explain the GAAP chosen. Economical imperative give the motivation of adoption, the effective choice of GAAP is used to be compliant with the GAAP which are legitimate at the time of switching.

Keywords: agency cost; IAS; audit; covenants; soft law; coûts d'agence (search for similar items in EconPapers)
Date: 2011-05-10
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Published in Comptabilités, économie et société, May 2011, Montpellier, France. pp.cd-rom

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