HARMONIZING FINANCIAL REPORTING STANDARDS GLOBALLY Chapter 2 HARMONIZING FINANCIAL REPORTING STANDARDS GLOBALLY

Learning Objectives: Recognize the arguments for and against harmonization. Identify the pressures for and the obstacles to harmonization.

Learning Objectives: Become familiar with the main organizations involved in harmonization. Examine some previous harmonization efforts. Compare harmonization approaches in EU and ASEAN.

Chapter Outline: Rationale for Harmonization Pressures for Harmonization Obstacles to Harmonization

Measuring Harmonization Supranational Organizations Engaged in Accounting Harmonization Other Harmonization Efforts

Current Evidence on Harmonization Global Regional A Tale of Two Regions - Comparing ASEAN to EU