The influence of financial markets on accounting standards: A historical reading

L’influence des marchés financiers sur la normalisation comptable: Une lecture historique

Issam Benhayoun () and M. Marghich Abdellatif
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Issam Benhayoun: ENCGF - Ecole Nationale de Commerce et de Gestion De Fès - USMBA - Université Sidi Mohamed Ben Abdellah
M. Marghich Abdellatif: ENCGF - Ecole Nationale de Commerce et de Gestion De Fès - USMBA - Université Sidi Mohamed Ben Abdellah

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Abstract: Globalization of businesses and financial market have brought to light what is called nowadays International accounting standardization. The latter has seen the light since the initiative of Henry Benson to gather many countries around the world to prepare a core of accounting standards that could be possible to apply globally, or at least by countries who had participated in their preparation. The main purpose of this study is to analyze this phenomenon from a historical standpoint to help answer how international accounting standardization were developed and under which conditions. The main findings indicate that international accounting standardization was developed based on financial markets requirements and needs rather than purely accounting matters.

Keywords: accounting standards; IASB; IFRS; Harmonization; International standardization; Harmonisation; normalisation internationale; normes comptables (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-acc and nep-his
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02955580v1
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Published in International Journal of Innovation and Applied Studies, 2020, 29 (4), pp.1189-1198

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