The International Accounting Harmonisation Process: Current Trends

• Autor(a) principal: Amaral, Catarina Xavier
• Data de Publicação: 2001
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: https://doi.org/10.7559/gestaoedesenvolvimento.2001.67

In this article we focus our attention on the issue about the international accounting harmonisation within a context of growing interpenetration and expansion of the economic and financial markets. We emphasise the advantages resulting from the adoption of the international accounting standards as well as the hindrances coming from the diverse accounting systems. The international accounting harmonisation has developed in two ways: public, that is to say, supported by the public international law and private or professional emitted by institutions of accounting experts, which don’t have law tools to assure its application. As an example of the public regional harmonisation is what the European Union has been doing in its task of making the different legislations of the State-Members homogeneous. As regards the worldwide and professional harmonisation we highlight the work developed by the International Accounting Standards Committee (IASC), analysing its different attitudes towards its standards. Our goal is to show the importance that this committee has gained over the past years as a worldwide standard maker of the financial information.