The accession of Romania to EU – in 2007 - confirmed the mandatory application IFRS in the consolidated financial … statements of Romanian listed companies. From 2012, the application of IFRS is extended to the separate financial statements of … the listed companies. Applying the Gray index of comparability, we attempt to measure the impact of the transition to IFRS …

accounting policy choices made by companies, and we mitigate the idea of de facto comparability of European IFRS financial …In this paper we investigated whether or not European listed companies make use of the options offered by the IFRS and … if so, which determinants influence these choices and how this affects the de facto comparability of European IFRS …