Financial Integration in the EU

The First Phase of EU Endorsement of International Accounting Standards

Bibliographic Data

ID6282718
AuthorsIan Dewing (University of East Anglia), Peter Russell (0000-0002-8330-0484, University of East Anglia), Peter O Russell
Year2008
Volume46
Issue2
Pages243-264
Publication date2008-03-01
Open AccessYes
TypeARTICLE
VenueJCMS Journal of Common Market Studies (JOURNAL)
Journal identifiersISSN: 0021-9886 • E-ISSN: 1468-5965
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-5965.2007.00776.x
OpenAlexW2032324977
LanguageEN
Citations received2
References cited10

In 2002 the EU adopted the Regulation which required European listed companies to prepare their consolidated accounts in accordance with international accounting standards from 2005 onwards. A novel set of structures for the endorsement of international accounting standards for use in the EU was put in place. This article examines the first phase of endorsement of international accounting standards in the context of the novel endorsement structures. The article concludes that problems over the endorsement of IAS 39 Financial Instruments: Recognition and Measurement reveals a number of significant policy implications for the EU including the difficulty of forming a European view, the role of private actors in EU regulation, and the issue that international standards largely reflect Anglo‐Saxon accounting practices rather than continental European practices

Accounting information system · Accounting standard · Business · Context (archaeology · Eu countries · European integration · European union · Financial accounting · Geography · International trade · Mark-to-market accounting · Political science · Accounting · Corporate Taxation and Avoidance · Global Financial Crisis and Policies · Global Financial Regulation and Crises

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