Interaction between de facto and de jure levels of accounting convergence

2017 Fiscal Year Final Research Report

• Project/Area Number: 26380606
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Accounting
• Research Institution: Nagoya University
• Principal Investigator: Tsunogaya Noriyuki 名古屋大学, 経済学研究科, 教授 (80267921)
• Project Period (FY): 2014-04-01 – 2018-03-31
• Keywords: コンバージェンス / 日本の固有性 / 会計専門家の判断力

Outline of Final Research Achievements

The objective of this study is to investigate factors affecting global convergence of financial reporting and the decisions on the adoption of International Financial Reporting Standards (IFRS) in Japan using a variety of sources such as accounting standards (i.e., IFRS and Japanese generally accepted accounting principles), related literature and documents, as well as data obtained from questionnaire surveys and interviews.
Results show that the accounting system in Japan, which includes both accounting standard and practice levels, has gradually converged with those of Anglo-American countries. Nonetheless, significant differences still remain in terms of historical, organizational, societal, political, and economic environments. Importantly, Japan has adopted a cautious convergence approach, because it would be futile to adopt IFRS without adjusting for related infrastructures such as financial systems, governance structures, related laws, and auditing standards.

Free Research Field

会計学