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dc.contributor.authorBiondi, Yuri
dc.date.accessioned2017-11-09T15:45:49Z
dc.date.available2017-11-09T15:45:49Z
dc.date.issued2017
dc.identifier.issn2152-2820
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/16944
dc.language.isoenen
dc.subjecteuropeen
dc.subjecteconomyen
dc.subjectsocietyen
dc.subjectfinanceen
dc.subjectdevelopmenten
dc.subject.ddc337en
dc.subject.classificationjelF.F5.F53en
dc.titleAccounting for Europe’s Economy and Society: Considerations for Financial Stability, Economic Development and the Public Gooden
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenInternational accounting convergence led by the International Accounting Standards Board (IASB) has been fostering an accounting revolution by introducing a market basis of accounting. This accounting model makes general reference to current values (mark-to-market, fair value) instead of corporate realised revenues and invested costs, which were central to the previous model (historical cost). This accounting revolution was consistent with the global financial architecture based upon transnational financial markets which was established since the seventies. However, among the main jurisdictions and monetary areas worldwide, only Europe has adopted the international accounting standards (IAS-IFRS), substantially delegating its accounting legislative and regulatory process to the IASB. This delegation has been raising major quarrels with European constituencies, including (i) resistance against the (full) fair value measurement of financial instruments (2003-05); (ii) opposition to amendment of IAS on segment reporting (2006); (iii) forced suspension of fair value measurements and impairments amid the North-Atlantic financial crisis (October 2008); (iv) an institutional conflict over the evaluation of distressed Member States’ sovereign bonds (August 2011). The Maystadt Report of 2013 reviewed and summarised these concerns with both the accounting model, and the governance of Europe’s accounting standards-making. It recommended including further considerations for Europe’s financial stability and public good, while it did consider the option to establish an Accounting Standards Board of Europe.en
dc.relation.isversionofjnlnameAccounting, Economics and Law
dc.relation.isversionofjnlvol7en
dc.relation.isversionofjnlissue2en
dc.relation.isversionofjnldate2017
dc.relation.isversionofdoi10.1515/ael-2017-0018en
dc.subject.ddclabelEconomie internationaleen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewedouien
dc.relation.Isversionofjnlpeerreviewedouien
dc.date.updated2017-11-09T14:19:05Z
hal.person.labIds140237
hal.identifierhal-01631781*


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