Multinational’s Influence in Decision to Adopt IAS/IFRS

Discussions on the determinants of current developments in financial reporting matters drew a tendency to heterogenize the structure of financial accounting information demand, especially from external users. The success of the current accounting convergence process depends on the degree of participation, transparency and model of decision adopted in the international accounting standardization process. The legitimacy of these efforts is deeply affected by the position of accounting normalisers towards the main actors affected by changes in legislation regarding financial reporting which are the multinational companies. Financial strength and position of the main suppliers of financial information justifies the need to directly involve them in the process of accounting normalization.