Financial reporting for sustainable development: Critical insights into IFRS implementation in the European Union
Accounting forum, 2018, vol. 42, issue 3, 248-260
By adopting a political economy perspective to accounting, this paper provides an overall post-implementation assessment of International Financial Reporting Standards (IFRS) adoption relative to the European Union’s (EU’s) fundamental goal of sustainable development. The paper questions the consistency of the International Accounting Standards Board’s business view with the EU’s and provides some critical insights into the potential long-run effects of IFRS on the European economy and society. Therefore, it raises several doubts about unquestioned accounting standardization at a global level and makes some suggestions for future policymaking and research.
Keywords: Financial reporting; IFRS; European Union; Sustainable development (search for similar items in EconPapers)
JEL-codes: M41 M20 A12 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:accfor:v:42:y:2018:i:3:p:248-260
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