Since the wake of corporate failures precipitated by accounting scandals at the beginning of this millennium, several research works have been carried out to assess the relevance and effectiveness of corporate governance codes promulgated on both sides of the Atlantic to mitigate such scandals....

Since the adoption of International Financial Reporting Standard (IFRS) and the subsequent directive by the EU, all companies are required to report their consolidated financial statements in line with the IFRS prescribed formats. The study examines the consolidated financial statements of top...