The Evolution of the European Public Good Assessment in the EU Endorsement Process of IFRS

Christopher Hossfeld, Yvonne Muller-Lagarde () and Lionel Zevounou ()
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Yvonne Muller-Lagarde: UPN - Université Paris Nanterre
Lionel Zevounou: THEORHIS - Centre de théorie du droit - CTAD - Centre de Théorie et Analyse du Droit - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique, CTAD - Centre de Théorie et Analyse du Droit - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique - Département de Sciences sociales ENS-PSL - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres, IDHES - Institutions et Dynamiques Historiques de l'Économie et de la Société - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UEVE - Université d'Évry-Val-d'Essonne - CNRS - Centre National de la Recherche Scientifique - ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay

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Abstract: Although legally the criteria to adopt IFRS in the EU have not changed since the adoption of the 2002 IAS-Regulation, the way they are assessed evolved over time. The purpose of this paper is to analyse how the European public good (EPG) criterion has been interpreted since the beginning of the EU endorsement process and how it is interpreted today. After retracing the origin of the European public good criterion in the IAS-Regulation we identify different periods in the EU endorsement process where the application of the EPG criterion changed. These changes are explained by a variety of factors, not least the financial crisis of 2008. The scope of what is considered to be part of the EPG has substantially expanded, a trend that is still ongoing.

Keywords: European Union; IFRS; endorsement process; European public good (search for similar items in EconPapers)
Date: 2020-10-05
Note: View the original document on HAL open archive server: https://hal.science/hal-02956905v1
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Published in Accounting in Europe, 2020, ⟨10.1080/17449480.2020.1818799⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02956905

DOI: 10.1080/17449480.2020.1818799

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