Cercetari privind tranzitia la IFRS a firmelor de investitii

The process of adoption and implementation of International Financial Reporting Standards (IFRS) is arousing a great interest in the context of capital markets' globalization, being subject of extensive current research whose results may generate some real controversy. The transition to IFRS-ba...

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Bibliographic Details
Published inAudit Financiar Vol. 11; no. 12; p. 25
Main Authors Danescu, Tatiana, Spatacean, Ovidiu, Mateiu (Man, Mihaela
Format Journal Article
LanguageRomanian
Published Bucharest Camera Auditorilor Financiari din Romania - Chamber of Financial Auditors of Romania 01.12.2013
Subjects
Capital markets
Financial performance
Impact analysis
International Financial Reporting Standards
Investment companies
Studies
Romania
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Summary:The process of adoption and implementation of International Financial Reporting Standards (IFRS) is arousing a great interest in the context of capital markets' globalization, being subject of extensive current research whose results may generate some real controversy. The transition to IFRS-based reporting system could not bypass the category of authorized, regulated and supervised entities in the capital market area, which became the subject of applying IFRS beginning from the reporting period ended at 31 December 2011. This paper aims to capture some controversial aspects regarding the application of IFRS by the investment firms, as intermediaries in the Romanian capital market landscape. Identifying and analyzing the strengths and significant weaknesses associated with the process of transition to IFRS reporting, as well as assessing the impact of IFRS adoption on the financial performance reported by these entities, reflect other major objectives assumed during the investigative steps that have supported the authors' research. [PUBLICATION ABSTRACT]
ISSN:1583-5812