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Assessing international accounting harmonization in Latin America

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Resumo:We use a conceptual framework based on institutional theory to assess international accounting harmonization in Latin America by interviewing key informants. We analyse the situation in 13 countries of the Group of Latin American Accounting Standards Setters. Some countries have effected full formal adoption of International Financial Reporting Standards (IFRS). In others IFRS are not permitted. In several countries, IFRS are supplemented by national standards for micro-entities and cooperatives. Material harmonization will be difficult to achieve due to a lack of trained accountants, unreliable enforcement systems, and competing institutional logics related to taxation systems, and the banking and insurance industries.
Autores principais:Carneiro, Juarez
Outros Autores:Lima Rodrigues, Lúcia; Craig, Russell
Assunto:Latin America IFRS Accounting harmonization Change Resistance
Ano:2017
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso restrito
Instituição associada:Universidade do Minho
Idioma:inglês
Origem:RepositóriUM - Universidade do Minho
Descrição
Resumo:We use a conceptual framework based on institutional theory to assess international accounting harmonization in Latin America by interviewing key informants. We analyse the situation in 13 countries of the Group of Latin American Accounting Standards Setters. Some countries have effected full formal adoption of International Financial Reporting Standards (IFRS). In others IFRS are not permitted. In several countries, IFRS are supplemented by national standards for micro-entities and cooperatives. Material harmonization will be difficult to achieve due to a lack of trained accountants, unreliable enforcement systems, and competing institutional logics related to taxation systems, and the banking and insurance industries.