This paper analyzes the role of non-governmental organizations (NGOs) as intermediaries in encouraging the European Union (EU) to adopt International Accounting Standards (IAS). Our analysis begins with the 1973 founding of the International Accounting Standards Committee (IASC), and ends with...

We provide a comparative overview of the process of implementation, harmonization and stabilization of public oversight systems for statutory auditors across the European Union (EU) after Directive 2006/43/EC. We build on institutional change theory to identify potential determinants as to why...

EU Regulation requires that any international accounting standards (IFRS) and interpretations (IFRIC) pronounced by the IASB meet three sets of criteria before they become binding for EU-based companies: a ‘true and fair view' criterion, a list of qualitative criteria, and a ‘European public...