The Library
The role and current status of IFRS in the completion of national accounting rules – evidence on Cyprus
Tools
Tools
Tools
Karamanou, Irene, Kopita, Anastasia and Lemessiou, Lina (2017) The role and current status of IFRS in the completion of national accounting rules – evidence on Cyprus. Accounting in Europe, 14 (1-2). pp. 49-55. doi:10.1080/17449480.2017.1299935
|
PDF
WRAP-role-current-status-IFRS-completion-national-accounting-rules-Kopita-2017.pdf - Accepted Version - Requires a PDF viewer. Download (805Kb) | Preview |
Official URL: http://dx.doi.org/10.1080/17449480.2017.1299935
Abstract
The case of Cyprus with respect to the adoption of International Financial Reporting Standards (IFRS) is unique given the country’s strong reliance on international business and accounting-related services. As such, Cyprus has required the use of IFRS since 1981 not only for publicly listed firms but also for private companies regardless of their size. Cyprus’ reluctance to fully transpose Directive 2013/34/EU into national law cannot be unrelated to its long-standing requirement of financial statements that are not only prepared under IFRS but are also audited for all types of corporations registered in the Republic. We conclude that transposing the new Accounting Directive in its entirety into national law could have adverse effects on the Government tax revenue, the GDP of the services sector and the credibility of Cyprus as an international business and financial services center.
| Item Type: | Journal Article | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HF Commerce | ||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Accounting Faculty of Social Sciences > Warwick Business School |
||||||||
| Library of Congress Subject Headings (LCSH): | Financial statements -- Standards -- Case studies -- Cyprus, Financial services industry -- Cyprus, Finance, Public -- Cyprus | ||||||||
| Journal or Publication Title: | Accounting in Europe | ||||||||
| Publisher: | Routledge | ||||||||
| ISSN: | 1744-9480 | ||||||||
| Official Date: | 2017 | ||||||||
| Dates: |
|
||||||||
| Date of first compliant deposit: | 22 August 2018 | ||||||||
| Volume: | 14 | ||||||||
| Number: | 1-2 | ||||||||
| Page Range: | pp. 49-55 | ||||||||
| DOI: | 10.1080/17449480.2017.1299935 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Restricted or Subscription Access |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
Downloads
Downloads per month over past year
