Accounting Regulation Changes in Lithuania : An Assessment

In the last decade undergoing accounting harmonization processes and their impact on corporate disclosure was continually discussed in the scientific literature. This paper extends this analysis by evaluating Lithuanian case. The aim of this study is to assess accounting regulation changes in Lithuania in the context of the European Union wide accounting harmonization processes. The paper addresses evaluates the background for accounting regulation changes in Lithuania, identifies de jure accounting regulation changes in Lithuania and compares them with the same of the European Union, and then assesses de facto implementation of accounting regulation by Lithuanian companies