2007 Fiscal Year Final Research Report Summary
A study about the enforcement mechanism of the german accounting standards with the IFRS endocement
| Project/Area Number |
16530291
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Niigata University |
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Principal Investigator |
KINOSHITA Katsuichi Niigata University, Institute of Humanities Social science and Education, Professor (40018643)
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| Project Period (FY) |
2004 – 2007
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| Keywords | enforcement panel / IFRS / intenational financial reporting standards / consolidated financial statements / Federal Financial Supervisory Authority / german accounting standards committee / DAS comnanies / german accepted accounting principles / german enforcement modell |
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| Research Abstract |
I was able to get the following knowledge from this study about the enforcement mechanism of the german accounting standards with the IFRS(internationale financial reporting standards) endorcement.
The Federal Ministry of Justice of Germany may constractually recognize an institution organized under private law to examine infringements of financial reporting enforcement panel. The enforcement panel shall examine whether the annual financial statements and the associated management reports, or the consolidated financial statements and the associated management reports comply with the legal requirements, including German accepted accounting principles or other accounting standards permitted by law.
The enforcement panel shall conduct its examination: (1)if there are concrete indications of an infringement of financial reporting requirements, (2)at the request of the Federal Financial Supervisory Authority, or (3)without any particular reason(sampling).
The enforcement panel shall notify the
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company of the findings of its examination. If the examination indicates that the financial reporting contains errors, it shall justify its decision and give the company an opportunity to state within a reasonable period whether it accepts the enforcement panel's findings.
The enforcement panel shall notify the Federal Financial Supervisory Authority of : (1) its intention to commence an Examination, (2) refusat by the company concened to cooperate with the enforcement panel in an examination, (3) the findings of the examination and , if applicable, whether the company accepts the findings of the examination.
The enforcement panel is obliged to conduct their ecaminations conscientiously and impartially. He shall be liable for loss or damages incurred as a result or examinations only in cases of intent.
The enforcement panel shall notify the authority responsible for prosecution of facts justifying the susupictionof a criminal offence relating to the financial reporting of a company. If shall notify the Chamber of German Public Auditors of acts indicating the infringement of professional duties by an auditor.
The German Modell of the enforcement mechanism gives a big suggestion for the construction fo the enforcement panel in Japan Less
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[Book] 現代会計の認識拡大2005
Author(s)
木下勝一、加藤盛弘, 他10名
Total Pages
284
Publisher
森山書店
Description
「研究成果報告書概要(和文)」より
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[Book] 会計制度の統合戦略2005
Author(s)
木下勝一、川口八州男, 他3名
Total Pages
206
Publisher
森山書店
Description
「研究成果報告書概要(和文)」より
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