The aim of this paper is to understand the similarities and differences in the accounting con-vergence process of the BRIC countries. The study examines the evolution of these countries’accounting systems by developing a three-dimensional framework based on the political,economic and cultural elements. Brazil and Russia merely imitate, whereas China and Indiaedit and translate the international standards (‘informed divergence’). The political aspect,supported by the national culture and ‘community’, represents the main driver, even if thethree dimensions are closely interconnected and overall, we show the current emergenceof limits of the implementation of the dominant market model.
Accounting harmonization in the BRIC countries: A common path?
GHIO, ALESSANDRO;VERONA, ROBERTO
2015-01-01
Abstract
The aim of this paper is to understand the similarities and differences in the accounting con-vergence process of the BRIC countries. The study examines the evolution of these countries’accounting systems by developing a three-dimensional framework based on the political,economic and cultural elements. Brazil and Russia merely imitate, whereas China and Indiaedit and translate the international standards (‘informed divergence’). The political aspect,supported by the national culture and ‘community’, represents the main driver, even if thethree dimensions are closely interconnected and overall, we show the current emergenceof limits of the implementation of the dominant market model.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.