International accounting harmonisation - a comparison of Spain, Sweden and Austria

Despite attempts to secure harrnonisation of accounting practice, significant variations inaccounting rules and practice continue to arise in European countries, variations which giverise to compliance costs for multinational companies.Firstly, this paper considers the relevance of international accounting harmonisation forEuropean business. It then proceeds to examine accounting regulation in three countries:Spain, Sweden and Austria, highlighting the key regulatory issues of the true and fair viewrequirement and the link between taxation and accounting. The three countries are selectedbecause of the interesting contrasts which they provide; these contrasts are examined indetail in the paper.The work is based upon a series of interviews carried...
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International accounting harmonisation - a comparison of Spain, Sweden and Austria