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The internationalization of accounting policy in soft-law context: the case of Renault, 1980-1984 / Philippe Touron

By: Material type: TextTextSeries: Accounting history review ; Volume 23, number 2,Oxfordshire: Taylor and Francis, 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): Online resources: Summary: Drawing on institutional theory, this study analyses the internationalization of Renault's consolidated financial statements from 1981 to 1984. This involved the voluntary adoption of International Accounting Standards (IAS), subsequent changes of accounting policy and certification by an international auditor. The paper questions why a state-owned French company began to prepare its consolidated accounts in accordance with IAS and why it selected auditors from the ‘Big Eight’ firms. It is shown that the adoption of IAS was directly linked to internationalization and that accounting policy was loosely coupled to standards in a way that left room for earnings management.
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Item type Current library Call number Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HF5601 ACC (Browse shelf(Opens below)) SP17931 Not for loan For in-house use only

Drawing on institutional theory, this study analyses the internationalization of Renault's consolidated financial statements from 1981 to 1984. This involved the voluntary adoption of International Accounting Standards (IAS), subsequent changes of accounting policy and certification by an international auditor. The paper questions why a state-owned French company began to prepare its consolidated accounts in accordance with IAS and why it selected auditors from the ‘Big Eight’ firms. It is shown that the adoption of IAS was directly linked to internationalization and that accounting policy was loosely coupled to standards in a way that left room for earnings management.

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