TY - UNPD A1 - Gebhardt, Günther T1 - The evolution of global standards of accounting T2 - Institut für Kapitalmarktforschung (Frankfurt am Main): CFS working paper series ; No. 2000,05 N2 - The globalization of markets and companies has increased the demand for internationally comparable high quality accounting information resulting from a common set of accounting rules. Despite remarkable efforts of international harmonization for more than 25 years, accounting regulation is still the domain of national legislators or delegated standard setters. The paper starts by outlining the reasons for this state of affairs and by characterizing the different institutional backgrounds of accounting standard setting in four selected countries as well as on the international level. This is followed by a summary of important international differences in accounting rules and a summary of the empirical evidence of the impact of different rules on the resulting numbers and their relevance to users. It is argued that neither a priori theoretical reasoning nor the evidence from empirical studies provides a convincing basis for choices between accounting regimes and even less so between specific accounting rules. As there is a broad consensus that there is a need for one set of global accounting standards the final sections of the paper discuss currently existing and proposed structures of international accounting standard setting. The evolving new IASC structure is critically evaluated. T3 - CFS working paper series - 2000, 05 KW - Standard Setting KW - Global Accounting Standards KW - Accounting regulation KW - IASC New Structure KW - USA KW - Großbritannien KW - Deutschland KW - Frankreich KW - International Financial Reporting Standards KW - International Accounting Standards KW - Bilanzierungsgrundsätze KW - Bewertungsstetigkeit KW - Bilanzklarheitsgrundsatz KW - Bilanzkontinuität KW - Buchführungsgrundsätze KW - Generally Accepted Accounting Principles KW - Standardisierung KW - Zertifizierung Y1 - 2000 UR - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4525 UR - https://nbn-resolving.org/urn:nbn:de:hebis:30-9700 IS - Version December 1999 PB - Inst. für Kapitalmarktforschung CY - Frankfurt am Main ER -