Abstract

http://ssrn.com/abstract=1703584
 
 

Citations (3)



 


 



Convergence in Accounting Standards: Insights from Academicians and Practitioners


Zabihollah Rezaee


University of Memphis - School of Accountancy

Murphy Smith


Murray State University - College of Business

Joseph Z. Szendi


Kean University

2010

Advances in Accounting, Vol. 26, No. 1, pp. 142-154, 2010

Abstract:     
The efficiency and competitiveness of global capital markets depends on the ability of financial statement preparers to communicate effectively with investors through financial reports. Despite the global movement to adopt IFRS, US adoption of IFRS is still uncertain. To assess potential for convergence, this study compares perspectives of academicians and practitioners regarding convergence to a set of global accounting standards. The majority of respondents believe that effective convergence to a set of globally accepted accounting standards would be beneficial to preparers, users, auditors, analysts, and standard setters. Convergence in accounting standards can require extensive and possibly costly changes to the standard-setting infrastructure and enforcement process in the US and other countries, and will also require proper training for management, auditors, and investors.

Number of Pages in PDF File: 58

Keywords: International Financial Reporting Standards, IFRS, Accounting Convergence, International Accounting

JEL Classification: F23, G15, M41

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Date posted: November 7, 2010  

Suggested Citation

Rezaee, Zabihollah and Smith, Murphy and Szendi, Joseph Z., Convergence in Accounting Standards: Insights from Academicians and Practitioners (2010). Advances in Accounting, Vol. 26, No. 1, pp. 142-154, 2010. Available at SSRN: http://ssrn.com/abstract=1703584

Contact Information

Zabihollah Rezaee
University of Memphis - School of Accountancy ( email )
Fogelman College of Business and Economics
Memphis, TN 38152-6460
United States
901-678-4652 (Phone)
Murphy Smith (Contact Author)
Murray State University - College of Business ( email )
109 Business Building
Murray, KY 42071-3314
United States
270-809-4181 (Phone)
Joseph Z. Szendi
Kean University ( email )
1000 Morris Ave
Union, NJ 07083
United States
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