This chapter analyzes the role of financial accounting in the German financial system. It starts from the common … perception that German accounting is rather uninformative. This characterization is appropriate from the perspective of an arms … perspective is adopted. The German accounting system exhibits several arrangements that privately communicate information to …

, and the publication of standards related to the profession of accounting & auditing has been to put into practice a … professionals interested in accounting and auditing about application and development of international financial reporting standards … uniform global set of standards which will be applicable in finance. Before 2000, in the case of a preference between IFRS …

and the users of this concept of the faire value. The International Accounting Standards Board (IASB) and the Financial … Accounting Standards Board (FASB) created a uniform outline for how to measure fair value for entities around the world. Although …

Purpose – The paper aims to explore the impact of the transition to International Financial Reporting Standards (IFRS … has improved under the new accounting regime, especially for companies with non-Big 4 auditors. Originality/value – Prior …

Romania started a process to reform the accounting system, having the assistance benefit of EU countries (France …, Belgian, and UK). Initial path chosen by Romania to harmonize accounting system was marked by the Accounting Law 82/1991 and … achieved by developing the accountancy profession. In terms of accounting regulatory level, we can say, without fail, that now …

This paper represents a study on the implementation of the international accounting standards in Romania. Through this … adaptability of the national accounting system to the performance of the international standards in the accounting domain, namely …: the elaboration of accounting regulations harmonized with International Accounting Standards or, in other words, the …