Chapter 2 A Critique of Gray's Framework on Accounting Values Using Germany as a Case Study

Abstract

International harmonization of accounting standards and the move toward convergence have revived an increasing interest in the influence of culture in accounting and auditing. The growing number of countries adopting IFRS and the increasing acceptance of International Standards on Auditing (ISA) has further raised researchers’ attention. For example, more than 100 countries require or permit the use of IFRS, with more countries, such as Canada, India, and Korea, planning to adopt IFRS by 2011 (Deloitte Touche Tohmatsu, 2007; IASB, 2007a, 2007b). This move toward convergence is driven largely on assumptions and assertions based on enhancing international comparability of accounting and auditing information.

Citation

Heidhues, E. and Patel, C. (2012), "Chapter 2 A Critique of Gray's Framework on Accounting Values Using Germany as a Case Study", Heidhues, E. and Patel, C. (Ed.) Globalization and Contextual Factors in Accounting: The Case of Germany (Studies in Managerial and Financial Accounting, Vol. 23), Emerald Group Publishing Limited, Leeds, pp. 17-42. https://doi.org/10.1108/S1479-3512(2012)0000023007