o o o o o The diffusion of international financial accounting standards that would allow financial analysts and investment funds managers to better evaluate the risk and return characteristics of firms is one of the key dimensions of corporate governance. In this chapter, we present the competing IAS and US GAAP accounting standards, describe the major steps of the institutional convergence process towards IAS accounting frame, and analyse the accounting practises of major French and German companies in terms of accounting standards. Though it undoubtedly exists, the convergence process towards a single accounting standard is still controversial because of political, economic and institutional dimensions that cannot be reduced to the demands of investment funds alone.
DICK, W. and ZARLOWSKI, P. (2002). La diffision de normes comptables internationales. In: La montée en puissance des fonds d'investissement. Quels enjeux pour les entreprises ? 1st ed. La Documentation Française, pp. 93-103.