Why is global regulatory convergence of such vital importance given the prevailing global economic and financial environment? Such importance is not only evidenced by the current information uncertainty hovering over the global financial markets, but also the need for enhanced transparency and...

Today, 144 jurisdictions have fully adopted the International Financial Reporting Standards (IFRS). Adding the number of jurisdictions that have not adopted but have converged their national standards with IFRS, the International Accounting Standards Board (IASB) is the world’s standard-setter...

In this book, Jayne Godfrey and Keryn Chalmers explore the intricacies of the globalisation of accounting standards - arguably one of the most significant business developments of the wider globalisation process during the past two decades. They examine the key issues and implications of this...

International Accounting Harmonization analyzes the differences between national accounting rules and international accounting methods, showing that when firms adopt international accounting standards they achieve significantly higher positive coefficients compared with firms that only take on...