Comparative Study Regarding the Legilative Framework of the Financial Reporting in USA and EU

Ionel Bostan
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Ionel Bostan: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2010, vol. 2, issue 2, 28-45

Abstract: The objective of this paper is to present difficulties which may arise from adopting international standards IAS / IFRS in preparing annual financial statements by companies, but also a show what they are technically in accounting. Most problematic issues could reverberate in political level, but very cooperative relationship among countries in the world available now seem to envisage achieving effective convergence as a future closer.

Keywords: Annual financial statements; financial and economic information; capital diffuse; U.S. market; accounting standards; the European institutional system (search for similar items in EconPapers)
JEL-codes: M13 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:2:y:2010:i:2:p:28-45

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