The Need to Reform the Dangerous IFRS System of Accounting

Richard Jacques ()
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Richard Jacques: Autorité des Normes Comptables (ANC) Committee, Dauphine University of Paris, Paris, France

Accounting, Economics, and Law: A Convivium, 2017, vol. 7, issue 2, 93-103

Abstract: As a fundamental instrument of financial capitalism the today’s IFRS system of accounting is not only totally unsuitable for the needs of a new ecological world but also represents a serious menace for the development of a sound economic system. The goal of this article is to explain the main reasons for this criticism and to suggest some elements of reconstruction of the today’s accounting system with a new international environmental accounting to be promoted by the European Union.

Keywords: international accounting; international company law (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1515/ael-2017-0017

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