Work

International Financial Reporting Standards in an Emerging Economy: Lessons from Romania

Year: 2012

Type: article

Abstract: International Financial Reporting Standards (IFRS) are a reference point for the modernisation of accounting models in emerging economies. Previous literature documents a diverse IFRS experience, especially among emerging economies. The IFRS implementation strategy and local institutional characteristics shape the way in which the standards are used in practice. We use the Romanian case to illustrate the effect of various contextual factors, some historical, on the process and outcomes of IFRS implementation. We show that IFRS implementation can follow a different pattern in emerging economies.

Source: Australian Accounting Review

DOI: 10.1111/j.1835-2561.2012.00196.x

Authors: Nadia Albu, Cătălin Nicolae Albu

Institution: Bucharest University of Economic Studies

Language: English

Topic: Accounting Theory and Financial Reporting

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2128459228

FWCI: 34.67

Cites: 20

Cited by: 91

Related to: 10