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The Impact of Law on Accounting Information System: An Analysis of IAS/IFRS Adoption in Italian Companies

  • Katia Corsi
  • Daniela Mancini
Conference paper

Abstract

Recently, several laws (38/2005, 231/2001, 262/2005) have been revising the corporate internal control legislation system in Italy, consequently requiring the accounting information system (AIS) to adapt1. Accounting systems and financial reporting must comply with new law requirements which generate a “corporate impact”. The object of this paper is to examine this corporate impact. Analyzing four Italian listed companies, authors investigate the effects of the adoption of the International Accounting Standard-International Financial Reporting Standard (IAS/IFRS) on the information process, tools, accounting and procedures. The analysis shows that firms use different approaches to implement law requirements; authors develop a model to identify their determinants.

Keywords

Information Asymmetry Balance Sheet Audit Firm Account Organ Institutional Isomorphism 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  1. 1.Economy, Business and Regulations DepartmentUniversity of SassariSassariItaly
  2. 2.Business Studies DepartmentParthenope University of NaplesNaplesItaly

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