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Compliance with consolidation (group) accounting standards – the vertical adjustment issue: Field studies of multi-nationals
Åbo Akademi University, Department of Business Administration, FIN-20500 Turku, Finland.
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE). (Åbo Akademi University, Department of Business Administration, FIN-20500 Turku, Finland)
Åbo Akademi University, Department of Business Administration, FIN-20500 Turku, Finland.
2007 (English)In: International Journal of Accounting, Auditing and Performance Evaluation, ISSN 1740-8008, Vol. 4, no 6, 650-665 p.Article in journal (Refereed) 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.

Place, publisher, year, edition, pages
2007. Vol. 4, no 6, 650-665 p.
Keyword [en]
accounting standards compliance, consolidated financial reporting, consolidation process, group accounting, subsidiary reporting, vertical adjustments, multinational subsidiaries, income smoothing
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:umu:diva-10721DOI: 10.1504/IJAAPE.2007.017459OAI: oai:DiVA.org:umu-10721DiVA: diva2:150392
Available from: 2008-10-24 Created: 2008-10-24 Last updated: 2012-08-20Bibliographically approved

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf