International accounting harmonization

Christian Hoarau

European Accounting Review, 1995, vol. 4, issue 2, 217-233

Abstract: This article will show that international accounting harmonization is predominantly harmonization with the Anglo-Saxon accounting model and [disregards] the economic, social and cultural environment of other accounting systems. It intends to show that in France international harmonization has broken down the homogeneity of the accounting model. This process has resulted in a reduction of the social functions of accounting. Finally, it seeks to suggest an approach towards harmonization that will be more respectful of different identities: the mutual recognition of accounting standards with benchmarks. This new approach would consist of developing a set of international accounting rules that would prescribe a single accounting treatment for each issue covered, but which at the same time would allow companies in each country the choice of publishing financial statements drawn up according to national rules,subject to enclosing the reconciliation schedules with international standards. This approach would enable companies to comply with their own national rules while at the same time ensuring the comparability of their financial statements at an international level.

Date: 1995
References: View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09638189500000012 (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:euract:v:4:y:1995:i:2:p:217-233

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REAR20

DOI: 10.1080/09638189500000012

Access Statistics for this article

European Accounting Review is currently edited by Laurence van Lent

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