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. © Springer-Verlag Berlin 2010.
The impact of law on accounting information system: An analysis of IAS/IFRS adoption in Italian companies
Mancini D.
2010-01-01
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. © Springer-Verlag Berlin 2010.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
