The objective of this paper is twofold. Primarily, it aims at measuring the degree of compliance to the International Accounting Standard of the Italian listed groups. Secondly, it is intended to capture to what extent the level of harmony in financial reporting practice has increased after the introduction of IAS/IFRS, since differences in practice could still exist in the application of IFRS. Compliance and harmonization will be measured with regard to the valuation of the participating interests in subsidiaries, in associates, in joint venture, and minority interests. The data source is the consolidated financial statements for the period subsequent to the introduction of IAS/IFRS (2005-2008). Previously, Italian listed companies presented their consolidated financial statements in accordance with domestic GAAP. In order to measure the level of compliance to IAS / IFRS, and harmonization in the accounting choices for the Italian firms, the H index developed by van der Tas (1988) has been applied with the purpose to find out whether, and to what extent, compliance and harmonization have been achieved after the mandatory introduction of the new accounting requirements.
Il consolidamento delle partecipazioni. Compliance versus armonizzazione / Catuogno, Simona; M., Mauro. - In: FINANCIAL REPORTING. - ISSN 2036-671X. - STAMPA. - Anno 2009:3(2009), pp. 9-27.
Il consolidamento delle partecipazioni. Compliance versus armonizzazione
CATUOGNO, SIMONA;
2009
Abstract
The objective of this paper is twofold. Primarily, it aims at measuring the degree of compliance to the International Accounting Standard of the Italian listed groups. Secondly, it is intended to capture to what extent the level of harmony in financial reporting practice has increased after the introduction of IAS/IFRS, since differences in practice could still exist in the application of IFRS. Compliance and harmonization will be measured with regard to the valuation of the participating interests in subsidiaries, in associates, in joint venture, and minority interests. The data source is the consolidated financial statements for the period subsequent to the introduction of IAS/IFRS (2005-2008). Previously, Italian listed companies presented their consolidated financial statements in accordance with domestic GAAP. In order to measure the level of compliance to IAS / IFRS, and harmonization in the accounting choices for the Italian firms, the H index developed by van der Tas (1988) has been applied with the purpose to find out whether, and to what extent, compliance and harmonization have been achieved after the mandatory introduction of the new accounting requirements.File | Dimensione | Formato | |
---|---|---|---|
Catuogno and Mauro 2009 FR con attribuzioni.pdf
solo utenti autorizzati
Descrizione: Paper completo
Tipologia:
Documento in Post-print
Licenza:
Accesso privato/ristretto
Dimensione
4.3 MB
Formato
Adobe PDF
|
4.3 MB | Adobe PDF | Visualizza/Apri Richiedi una copia |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.