Compliance with consolidation (group) accounting standards – the vertical adjustment issue: Field studies of multi-nationals
2007 (engelsk)Inngår i: International Journal of Accounting, Auditing and Performance Evaluation, ISSN 1740-8008, Vol. 4, nr 6, s. 650-665Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]
Compliance with accounting standards is a major issue in Europe and elsewhere. Research on the horizontal dimension shows non-compliance even though financial reports state compliance and auditors concur. The vertical dimension is more relevant to discover the extent and reasons for non-compliance. Previous research shows that financial executives of multi-nationals indicated non-compliance when asked directly, even though financial reports and auditors state compliance. This follow-on study uses field-studies of subsidiaries of multi-nationals in three countries to explore the extent and reasons for non-compliance for vertical adjustments when consolidating. The method of agreement and method of differences were used to analyse data. Results show substantial non-compliance and some reasons for non-compliance, notably income smoothing. The vertical dimension is appropriate for continued research and this study provides a model for similar research.
sted, utgiver, år, opplag, sider
2007. Vol. 4, nr 6, s. 650-665
Emneord [en]
accounting standards compliance, consolidated financial reporting, consolidation process, group accounting, subsidiary reporting, vertical adjustments, multinational subsidiaries, income smoothing
HSV kategori
Identifikatorer
URN: urn:nbn:se:umu:diva-10721DOI: 10.1504/IJAAPE.2007.017459Scopus ID: 2-s2.0-62549083461OAI: oai:DiVA.org:umu-10721DiVA, id: diva2:150392
2008-10-242008-10-242023-03-23bibliografisk kontrollert