Abstract
As capital markets play an increasingly central role in today's modern economies, policy-makers are confronted with the question of how to assure the continued effective functioning of these markets and, in particular, how to develop a sound financial reporting infrastructure. Recent experience suggests that such a reporting infrastructure must be built on accounting standards that are consistent, comprehensive, and based on clear principles to enable financial reports to reflect underlying economic reality.
Recommended Citation
David Tweedie and Thomas R. Seidenstein,
Setting a Global Standard: The Case for Accounting Convergence,
25
Nw. J. Int'l L. & Bus.
589
(2005).
https://scholarlycommons.law.northwestern.edu/njilb/vol25/iss3/25
