Convergence to international financial reporting standards: the case of Turkey

Can Simga-Mugan and Nazli Hosal-Akman
Authors registered in the RePEc Author Service: Can F.N. Mugan ()

International Journal of Accounting, Auditing and Performance Evaluation, 2005, vol. 2, issue 1/2, 127-139

Abstract: In this paper, we discuss the progress in the accounting standards in Turkey and provide some insight into the current accounting system as well as the recent regulatory developments following the convergence attempts to the global set of financial accounting standards that is currently referred to as the International Financial Reporting Standards/International Accounting Standards (IFRS/IAS) in Turkey. The paper emphasises variations from and similarities with the IFRS/IAS and lays out a brief history of global convergence activities. The paper concludes with a discussion of the effects of convergence on the financial reporting and accounting systems of domestic and multinational companies, and audit firms in Turkey.

Keywords: international financial reporting standards; IFRS; international accounting standards; IAS; Turkish accounting standards; convergence; Turkey; global accounting standards. (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijaape:v:2:y:2005:i:1/2:p:127-139

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