Accounting Integration in Corporate Governance System – Factor to Attract Investments

Without international harmonization of accounting practices, conflicts and incompatibility financial information from different countries could not be resolved. In addition, the expansion of global markets makes it more difficult to transparent disclosures about contingent liabilities and off-balance sheet items.A proper accounting require dissemination of information, both voluntary and mandatory, to create competitive advantages in the market. Thus, a company can receive a rating assessment of certain market intermediaries, improving trust, credibility and reputation of the company.