The Impact of Law on Accounting Information System: An Analysis of IAS/IFRS Adoption in Italian Companies

Katia Corsi () and Daniela Mancini ()
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Katia Corsi: University of Sassari
Daniela Mancini: Parthenope University of Naples

A chapter in Management of the Interconnected World, 2010, pp 483-491 from Springer

Abstract: Abstract Recently, several laws (38/2005, 231/2001, 262/2005) have been revising the corporate internal control legislation system in Italy, consequently requiring the accounting information system (AIS) to adapt1. Accounting systems and financial reporting must comply with new law requirements which generate a “corporate impact”. The object of this paper is to examine this corporate impact. Analyzing four Italian listed companies, authors investigate the effects of the adoption of the International Accounting Standard-International Financial Reporting Standard (IAS/IFRS) on the information process, tools, accounting and procedures. The analysis shows that firms use different approaches to implement law requirements; authors develop a model to identify their determinants.

Keywords: Information Asymmetry; Balance Sheet; Audit Firm; Account Organ; Institutional Isomorphism (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1007/978-3-7908-2404-9_56

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