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Information Assurance Due to IFRS Adoption

Author

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  • Ungureanu Mihaela

    („Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration)

Abstract

Currently, cross-border business operations are current currency and capital markets know no territorial limits. Standardization and harmonization have imposed an uniformity of accounting terms in national and international regulations. In this context, it makes direct reference to the accounting rules comply with the European Directives and International Financial Reporting Standards (IAS/IFRS), which are submitted to the first two fundamental concepts: performance and financial position, and on the other hand, investor, the main user of accounting information about their evolution. This article aims to evoke the current diversity of accounting systems and consequences of IFRS adoption might have to obtain understandable, reliable, relevant and comparable accounting information. This follows if IFRS has positive or negative effects, if represents a solution or an impediment for financial reporting.

Suggested Citation

  • Ungureanu Mihaela, 2012. "Information Assurance Due to IFRS Adoption," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1404-1408, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1404-1408
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    More about this item

    Keywords

    IASB; IFRS; accounting normalization; accounting system;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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