文章基本信息

标题：Inconsistent application of international financial reporting standards
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作者：Vladimir Obradovic
期刊名称：Economic Horizons
印刷版ISSN：1450-863X
电子版ISSN：2217-9232
出版年度：2014
卷号：16
期号：3
页码：231-243
DOI：10.5937/ekonhor1403239O
出版社：University of Kragujevac
摘要：The transformation of the International Financial Reporting Standards (IFRS) into a single global language of financial reporting is well under way and followed by a problem of their inconsistent application from country to country, with negative consequences for the global comparability of financial statements. Starting from this, the main purpose of this paper is to give an overview of the main causes of the diversity of financial reporting practices between those countries declaring themselves to be the followers of the IFRS, as well as to identify the ways of overcoming this diversity. Applying the qualitative research methodology, it has been found that the flexibility of the IFRS provisions, which is inevitable in many cases, modifications in their incorporation into national regulatory frameworks and the diversity and unequal effectiveness of national mechanisms for their enforcement and the supervision of their implementation stand for the main causes of inconsistent accounting practices. In order to reduce the inconsistency, national financial reporting regulators should increase their engagement and coordination among themselves, and the International Accounting Standards Board should make additional efforts, which should primarily be focused on the global promotion of the fundamental basis of the IFRS
关键词：financial reporting; International Financial Reporting Standards (IFRS); International Accounting ; Standards Board (IASB); inconsistent application