 Accounting Scandals versus "Tax Haven"Maria Madalina Voinea () Knowledge Horizons - Economics, 2015, vol. 7, issue 3, 79-89 Abstract: Accounting is the art of recording transactions in the best way possible so as to allow the reader to conclude that it is necessary to set rules. These guidelines are generally called accounting policies. Complexity of accounting policies allowed companies to change their accounting principles for their benefit. This made it impossible comparison between the financial statements of companies In order to avoid the above and to have a harmonised accounting principle, Standards needed to be set by recognised accounting bodies. This opened the way for the realization of international accounting standards. India vs Panama ... When you join these two countries arises naturally the question "Why? What does have in common one with another? ". An actual connection there isn’t but, why not, we can put together these two countries which, just at first glance have nothing in common, but if at the end of the comparison we draw the line we see that the accounting system, both want, or wanted at the same time ... the adoption of IFRS. The aim of this paper is to make a comparison between two poor countries - INDIA - which is slowly becoming a global force and - Panama - country considered "tax haven". Keywords: Accounting system; IFRS; India; Panama (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:7:y:2015:i:3:p:79-89 Access Statistics for this article More articles in Knowledge Horizons - Economics from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC. |
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