IFRS in Italy: Some history and some critical aspects

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F18%3AN0000020" target="_blank" >RIV/25940082:_____/18:N0000020 - isvavai.cz</a>
Result on the web
<a href="https://www.aauni.edu/data/files/sbornik-ifrs-verze2.pdf" target="_blank" >https://www.aauni.edu/data/files/sbornik-ifrs-verze2.pdf</a>
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
IFRS in Italy: Some history and some critical aspects
Original language description
This paper studies the implementation of IFRS/IAS rules in Italy. IFRS rules are to be followed by listed companies in the preparation of their consolidated statements according to the Regulation 1606/02. The introduction of IFRS/IAS to the country has been implemented automatically, according to the very characteristic of EU Regulations which have direct effect and direct applicability. However, introducing international accounting standards in Italy (as for any other country) has not been necessarily straightforward. This is because international rules may conflict with local accounting standards which are embedded into the culture, history and economic background of any country. This may create a clash between valid rules and traditional standards. In the case of Italy, the main challenges have been the introduction of the principle of Fair Value, the redefinition of the principle of Relevance and other aspects discussed in the next pages.
Czech name
—
Czech description
—

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
IFRS: Global Rules and Local Use: Proceedings of the 6th International Scientific Conference
ISBN
978-80-906585-7-8
ISSN
—
e-ISSN
—
Number of pages
5
Pages from-to
99-103
Publisher name
Anglo-americká vysoká škola, z.ú.
Place of publication
Praha
Event location
Praha
Event date
Oct 11, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000461826900010

Similar results(10)