INTERNATIONAL CONVERGENCE OF NATIONAL ACCOUNTING STANDARDS

Abstract

The international convergence of accounting standards has become an
important issue in the field of accounting. Convergence is an irreversible
developing trend of the development of accounting internationalization in the
countries. This paper presents the necessity of international convergence of
accounting standards as well as a research overview of the factors affecting the
international convergence of accounting standards and the international
convergence process of specific countries. Besides, the article also sums up
relevant theories to explain the process of international convergence of
accounting standards.