Corporate Governance And International Financial Reporting Reference (Ifrs)
| Autor: | Gheorghe Lepadatu, Ancuta Geanina Oprea |
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| Jazyk: | English<br />French |
| Rok vydání: | 2011 |
| Předmět: | |
| Zdroj: | EIRP Proceedings, Vol 6, Iss 1, Pp 408-412 (2011) |
| Druh dokumentu: | article |
| ISSN: | 2067-9211 2069-9344 |
| Popis: | Between corporate governance and IFRS there is a causal relationship. Financial reporting is basedon managerial accountability. Corporate governance is the economic branch who studies how companies canbecome more efficient through the use of institutional structures such as: incorporation, organization andlegal framework. This branch is limited, in most cases, to studies on how shareholders can motivateexecutives to benefit the company through their efforts, resulting - finally - dividends. Starting from theglobal nature of the current crisis, we have considered as being necessary to point out its effects on thefinancial reporting and, implicitly, on the requirements for the corporate governance consolidation in order toensure the economic and financial stability desired. The macro-economic context favored the start of thecrisis, but the analysis made by experts showed other reasons for this, out of which some of the mostimportant are the corporate governance weaknesses and the insufficient means for protection against risks.We consider that these are reasons which ask for an objective analysis and a correct assessment of theregulatory process but also of the practice in the area corroborated with an invitation for a responsiblebehavior both of the entities management but also of the representatives of the accounting profession so muchinvolved in the correctness of the accounting reporting and therefore in the financial health of the entities. |
| Databáze: | Directory of Open Access Journals |
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