THE IMPLICATIONS OF ECONOMIC GLOBALIZATION ON ACCOUNTING CASE STUDY OF ROMANIA

Nistor Cristina Silvia () and Cistea Andreea
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Nistor Cristina Silvia: Babes-Bolyai University, Cluj-Napoca, Romania
Cistea Andreea: Babes-Bolyai University, Cluj-Napoca, Romania

Economic Thought and Practice, 2012, vol. 21, issue 1, 203-216

Abstract: The implications of world economies globalization are multiple. In this study we intend to make an assessment of how Romania is involved in this process from the point of view of accounting system. There are two areas of interest: positioning, on the one hand, of the Romanian public accounting system towards the International Public Sector Accounting Standards (IPSAS) and on the other hand, of the accounting profession towards the International Education Standards (IES). Through a positivist research, based on the combination of quantitative and qualitative approach, we analyse two vital elements in the field of accounting internationalization, namely the created legal framework, and the quality of personnel involved. The usefulness of the study can be appreciated at international level. It is important to know how the emerging countries (including Romania) succeed in acquiring international regulations through direct or indirect taking over, under the circumstances in which the process of harmonization and convergence is of major present interest.

Keywords: international regulations; public accounting system; accounting profession; Romania (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2012
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