%0 Journal Article
	%A Sorana M. Manoiu and  Razvan V. Mustata and  Jiří Strouhal and  Carmen G. Bonaci and  Dumitru Matis and  Jiřina Bokšová
	%D 2013
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 79, 2013
	%T Perspectives of Financial Reporting Harmonization
	%U https://publications.waset.org/pdf/16269
	%V 79
	%X In the current context of globalization, accountability has become a key subject of real interest for both, national and international business areas, due to the need for comparability and transparency of the economic situation, so we can speak about the harmonization and convergence of international accounting. The paper presents a qualitative research through content analysis of several reports concerning the roadmap for convergence. First, we develop a conceptual framework for the evolution of standards’ convergence and further we discuss the degree of standards harmonization and convergence between US GAAP and IAS/IFRS as to October 2012. We find that most topics did not follow the expected progress. Furthermore there are still some differences in the long-term project that are in process to be completed and other that were reassessed as a lower priority project.

	%P 1906 - 1911