دانلود On the Convergence of Accounting Standards

Abstract

The  initiative  towards  the  convergence  of  accounting  standards  driven  by  the  International Accounting Standards Board (IASB) appears un-stoppable. This paper first examines why having a set of national accounting standards is valuable. However, the underlying accounting model at the national level means that the logic may not extend to de facto convergence and the debate is played out  as  debates  on  implementation  issues  and  fair  value  accounting.  If de  jure  convergence materializes, International accounting faculty will need to shift their teaching and research focus from the differences in national standards to the differences in implementing a set of international standards.