Die Internationalisierung der Rechnungslegung und ihre Implikationen für das Europäische Bilanzrecht

Due to the increase in the international competition for capital, the demand for internationally comparable accounting norms has received a new impetus. The previous aim was a European-wide gradual convergence on the European and national levels but now European legislators are striving for a standardization of European Accounting Law based on the International Financial Reporting Standards (IFRS) as set forth by the International Accounting Standards Board (IASB). Against this backdrop, an analysis of the demands of European Account Law on foreign accounting systems is presented in this work.