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Worldwide Financial Reporting – The Development and Future of Accounting Standards - Oxford Scholarship Online
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Worldwide Financial Reporting: The Development and Future of Accounting Standards

George J. Benston, Michael Bromwich, Robert E. Litan, and Alfred Wagenhofer


This book provides readers with reasonably concise descriptions of the state of global markets, the benefits and limitations of financial accounting and accounting/auditing standards, and the development, status, and current policy issues of corporate financial reporting in major countries and the European Union. The globalization of financial markets has contributed to a growing consensus that national financial reporting standards should give way to a single, harmonized set of global reporting standards. This book takes a more practical approach and reaches a different conclusion: that globa ... More

Keywords: financial markets, globalization, economic values, capital markets, assets, liabilities, accounting standards, auditing standards, fair value, corporate governance

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780195305838
Published to Oxford Scholarship Online: February 2006 DOI:10.1093/0195305833.001.0001


Affiliations are at time of print publication.

George J. Benston, author
Emory University
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Michael Bromwich, author
London School of Economics
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Robert E. Litan, author
Brookings Institution and the Kauffman Foundation
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