The internationalization of accounting policy in a soft-law context: the case of Renault, 1980--1984

Philippe Touron and Peter Daly

Accounting History Review, 2013, vol. 23, issue 2, 185-212

Abstract: Drawing on institutional theory, this study analyses the internationalization of Renault's consolidated financial statements from 1981 to 1984. This involved the voluntary adoption of International Accounting Standards (IAS), subsequent changes of accounting policy and certification by an international auditor. The paper questions why a state-owned French company began to prepare its consolidated accounts in accordance with IAS and why it selected auditors from the 'Big Eight' firms. It is shown that the adoption of IAS was directly linked to internationalization and that accounting policy was loosely coupled to standards in a way that left room for earnings management.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/21552851.2013.803761 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:acbsfi:v:23:y:2013:i:2:p:185-212

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rabf21

DOI: 10.1080/21552851.2013.803761

Access Statistics for this article

Accounting History Review is currently edited by Stephen Walker

More articles in Accounting History Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().