Soderstrom, Naomi; Sun, Kevin Jialin - In: European Accounting Review 16 (2007) 4, pp. 675-702
In 2002, the European Union (EU) Parliament passed a regulation that requires consolidated and simple accounts for all companies listed in the EU to use International Financial Reporting Standards (IFRS) for fiscal years starting after 1 January 2005. This change in accounting systems will have...