The Dynamics of Change: How International Accounting Standards Permanently Evolve to Remain Consistent with Financial Markets

Sigart, Jeremy
(2017)

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Sigart_74431000_2017.pdf
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Details

Supervisors
Colmant, Bruno
Faculty
Louvain School of Management
Degree label
Master [120] en sciences de gestion
Abstract
This paper aim at analysing dynamically how the IASB has tried to adapt the IAS to match in the closest way the modern financial landscape. Starting from IAS 32, then IAS 39 and in the near future IFRS 9, we describe the past and current situation and identify the imperatives of the financial markets that need to be taken into consideration by the IAS in order to continue to bring back together finance and accounting. We also highlight the breaches pointed out by the different crisis and emphasise where the accounting framework responsibilities are.