The new Romanian accounting and auditing laws took effect in 1999. This paper investigates and evaluates the phase of development which started in 1996, comparing the outcome of that development with the experience of some other transition economies. Recognizing that the move to the market...

A reduction in information asymmetry, and hence in the monitoring burden between agent and principal, is one of the aims of the regulation of financial reporting disclosure in active capital markets. Theoretical models of voluntary disclosure have sought to explain the persistence of information...

The timely publication of corporate financial information depends on the time taken to complete the audit. The audit report lag is a particularly critical factor in emerging and newly developed capital markets where the audited financial statements in the annual report are the only reliable...

When managers choose not to disclose all the relevant information in their possession in their financial statements, there is an information gap between the managers and users and consequently a lack of transparency. We model the degree of transparency observed when disclosures of foreign...

This paper seeks to explore in depth the ways in which the rhetoric of the standard setter responds to comments received during development of a standard. Previous research has explored the use of rhetorical strategies in accounting standards to construct and persuade as to what is 'good' and to...

This paper presents an exploration of change and choice in Hungarian accounting practice following implementation of the Accounting Law of 1991. A question-naire has been used, supported by interviews, to identify patterns of, and reasons for, change and choice. 'Analysis of the data leads to...