iffective factors on financial reporting frameworks and accounting standards and producers harmonization

Document Type : Review Paper

Authors

1 PhD Student of Accounting, Alzahra University, Tehran, Iran

2 Department of Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran

Abstract

Accounting diversity refers to the differences that exist between the characteristics of the financial reporting frameworks and accounting standards and producers used in different countries. The accounting literature presents several factors that cause this diversity. These factors are mainly related to environmental factors. The solution of accounting diversity problem is accounting harmonization in accounting standards and reporting procedures in international level. As currently in Iran, there is the roadmap to applyinternational financial reporting standards, it is useful to predict and remove problems and limitations by using other countries experiences. In this article, we review the accounting literature to learn about the reasons for accounting diversity in financial reporting frameworks, accounting standards and procedures. This analysis can assist policy setters in their efforts to realize further international accounting harmonization.

Keywords

References

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History

  • Receive Date: 06 February 2017
  • Revise Date: 22 May 2017
  • Accept Date: 27 May 2017

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