Accounting Practice Harmony, Accounting Regulation and Firm Characteristics
Harmonization of accounting standards has been the subject of many initiatives taken at international, regional and national levels in recent years. Policy makers advancing this idea believe that accounting regulation harmony will lead to practice harmony. The literature in the area of accounting ha...
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Published in | Abacus (Sydney) Vol. 38; no. 1; pp. 46 - 77 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Oxford, UK and Boston, USA
Blackwell Publishers Ltd
01.02.2002
Accounting Foundation, University of Sydney Blackwell Publishing Ltd |
Series | Abacus |
Subjects | |
Online Access | Get full text |
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Summary: | Harmonization of accounting standards has been the subject of many initiatives taken at international, regional and national levels in recent years. Policy makers advancing this idea believe that accounting regulation harmony will lead to practice harmony. The literature in the area of accounting harmonization also generally relies on a similar belief.
Comparing accounting regulations and accounting practices of two countries that are pursuing a program of harmonization, Australia and New Zealand, revealed some association between the levels of regulation harmony and practice harmony. Although this indicates that regulatory harmony can improve practice harmony, the association is ‘noisy’, suggesting that there are also other factors affecting practice harmony. Evidence adduced here shows that accounting practice harmony is also associated with firm‐specific characteristics. |
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Bibliography: | istex:6E2BB97C16C21EE72840E748E82A9A435ABA9CFE ark:/67375/WNG-ZZJ56ZDX-T ArticleID:ABAC097 Abacus (Sydney), v.38, no.1, Feb 2002: 46-77 ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0001-3072 1467-6281 |
DOI: | 10.1111/1467-6281.00097 |