IFRS ADOPTION IN ROMANIA AND THE IMPORTANCE OF AUDITOR SIZE

Inesa Tofanica (), Emil Horomnea () and Alin Chelariu ()
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Inesa Tofanica: PhD student at Doctoral School of Economics and Business Studies, “Al.I.Cuza” University of Iasi, Romania
Emil Horomnea: PhD student at Doctoral School of Economics and Business Studies, “Al.I.Cuza” University of Iasi, Romania
Alin Chelariu: PhD student at Doctoral School of Economics and Business Studies, “Al.I.Cuza” University of Iasi, Romania

THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, 2016, vol. 25, issue 1, 3-10

Abstract: The recent accounting regulations in Romania have made mandatory the use of IFRS in the individual financial statements of the companies listed on stock exchange. The aim of this study is to see to what extent the figures in the statements have been influenced by this new enforcement. We have studied the companies affected by this regulation and publicly traded on the Bucharest Stock Exchange. Our findings showed that, on average, Romanian companies did not comply with IFRS practices, as they prefer the practices that do not differ from national regulation. Moreover, the study has shown that the companies audited by a Big 4 have adopted practices closer to the Anglo Saxon accounting system.

Keywords: IFRS implementation; individual statements; Romania; auditor (search for similar items in EconPapers)
Date: 2016
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http://ices.acadiasi.ro/RePEc/zan/ygzier/2016/YGZIER_2016_V25_ISS1_3to10.pdf (application/pdf)

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