IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-642-16461-3_12.html
   My bibliography  Save this book chapter

A Global Accounting Standard: The Holy Grail?

In: Theory and Practice of Corporate Social Responsibility

Author

Listed:
  • Paul Saw

    (Ashcroft International Business School, Anglia Ruskin University)

Abstract

The move to a global standard through the International Financial Reporting Standards is the single most important initiative in the financial reporting world as its impact stretches far beyond accounting to affect many key decisions people make. Trillions of dollars have been invested in companies globally and stakeholders are demanding greater transparency in stewardship accounting: the call for clear and concise guidance towards responsible accounting has never been louder. This chapter begins by looking at what international accounting standards are and how they come about through the work of the International Accounting Standards Board and its predecessor the International Accounting Standards Committee. Various leading writers in the field have highlighted similar reasons for and against the globalisation of accounting standards but the decision on which option to take was not an easy one since in some cases it was often difficult to quantify and measure the relevant variables. The chapter ends with some emerging issues of concern which if the IASB were to choose to ignore; it would have chosen to do so at its own peril.

Suggested Citation

  • Paul Saw, 2011. "A Global Accounting Standard: The Holy Grail?," Springer Books, in: Samuel O. Idowu & Celine Louche (ed.), Theory and Practice of Corporate Social Responsibility, chapter 0, pages 193-207, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-16461-3_12
    DOI: 10.1007/978-3-642-16461-3_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-642-16461-3_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.