national regulations. Moreover, starting 1st January 2013, these companies are applying IFRS as the basis of accounting. A … accounting. Furthermore, they perceive the fiscal risk as the greatest difficulty in the transition to IFRS. The most important …For the accounting year 2012 companies whose securities are listed on Bucharest Stock Exchange are required to present …

A wave of accounting failures at the beginning of the century motivated the national stock exchanges to require firms … independence (outside directors) on the probability of an accounting misstatement. Existing empirical studies find a negative …