The Case for Global Accounting Standards: Arguments and Evidence
17 Pages Posted: 22 Jan 2013
Date Written: October 22, 2012
This paper outlines the arguments for a common set of accounting standards and the forces that have promoted adoption of International Financial Reporting Standards (IFRS). Widespread use of IFRS since 2005 provides an opportunity for empirical investigation of the benefits of IFRS. I summarise results of studies that are relevant for assessing the role of IFRS in both developing and developed capital markets.
Keywords: IFRS, cost and benefits, common accounting standards
JEL Classification: M40, M41
Suggested Citation: Suggested Citation