Measurement of formal harmonization progress:: The IASC experience

摘要: Abstract As a result of globalization, the accounting profession has become increasingly aware need to establish single set standards that would be valid in international arena. Recent events highlight timeliness this study, which provides an empirical measurement International Accounting Standards Committee (IASC) progress throughout its harmonization history. The purpose article is twofold: first, new measure advances achieved through formal and second, use methodology evaluate IASC achievements all standard-setting activity. Our results prove made great regard level harmony it issued or revised. Nevertheless, we conclude needs continue working towards greater harmonization. study also indicates research directions could advance This specific area generally been disregarded existing literature, trend like see reversed, considering application can provide valuable insight for processes, especially now community so conscious process.