Worldwide Financial Reporting: The Development and Future of Accounting Standards

by George J. Benston, Michael Bromwich, Robert E. Litan

International accounting standards tend to converge, as do auditing, enforcement and corporate governance, whereas trading of equity shares remains essentially national. The book provides a thorough analysis of what information investors really need, how financial accounting systems developed and their current requirements in major commercial countries, and examines current issues, particularly the benefits and costs a single or multiple accounting standards, the bases for accounting standards, and limitations to accounting disclosure in financial statements.

336 pages, Hardcover

Published April 13, 2006

About the author

George J. Benston graduated from Queens College in 1952 and earned his MBA in accounting and taxation from New York University in 1953. In 1963 he earned a Ph.D. in economics from the University of Chicago.
From 1987 to his death he was professor of finance, accounting and economics at Emory University and its Goizueta Business School, Atlanta.
Before that prof. Benston was employed on the faculty of the University of Rochester for 21 years.