STUDY ON DISCLOSURE LEVEL OF COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS: THE CASE OF INTANGIBLE ASSETS

Catalina Gorgan and Vasile Gorgan
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Catalina Gorgan: ACADEMIA DE STUDII ECONOMICE BUCURESTI
Vasile Gorgan: ACADEMIA DE STUDII ECONOMICE BUCURESTI

Annals - Economy Series, 2014, vol. 2, 104-115

Abstract: In the context of economic globalization, the need for high quality financial information has become a desiderate. Accounting met such needs through a set of high quality standards, the International Financial Reporting Standards. Their global imposing, either through adoption or convergence, make its contribution to proper functioning of capital markets and even of the entire economy. The quality of financial reporting, however, is the result of how they are applied in each country or company. The objective of our study is to analyze the disclosure level of companies listed at Bucharest Stock Exchange (BSE) in compliance with the presentation requirements of the international accounting standard IAS 38 “Intangible assets”. The empirical study revealed a significant level of non-compliance. In order to determine the degree of compliance with international accounting referential we built a disclosure index. Four hypothesis were tested in order to identify the factors that influence the disclosure level.

Keywords: intangible assets; IFRS; compliance; disclosure index; financial reporting. (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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