Compliance with consolidation (group) accounting standards – the vertical adjustment issue: a survey of Swedish multinationals

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dc.citation.epage48en_US
dc.citation.issueNumber1en_US
dc.citation.spage37en_US
dc.citation.volumeNumber1en_US
dc.contributor.authorFagerström, A.en_US
dc.contributor.authorHassel L.G.en_US
dc.contributor.authorCunningham G.M.en_US
dc.date.accessioned2016-02-08T10:15:52Z
dc.date.available2016-02-08T10:15:52Z
dc.date.issued2007en_US
dc.departmentDepartment of Managementen_US
dc.description.abstractPrevious research into consolidated financial reporting of multinational companies has focused on horizontal adjustments, adjustments at the headquarters level to comply with accounting standards of the country where a stock exchange listing is made, e.g. US GAAP, or IFRS. An equally, if not more, important issue is vertical adjustments made by foreign subsidiaries when information is transmitted to the headquarters for consolidation. This study surveys all Swedish multinational companies listed on the Stockholm Stock Exchange, firstly in the early 1990s and again some 10 years later to determine whether vertical adjustments were made as an indicator of compliance with Swedish accounting standards. The results indicate that while most Swedish multinational companies made vertical adjustments, the large number that did not indicates a potentially high degree of non-compliance with accounting standards. In all cases, though, the companies claimed they had complied and their auditors concurred. © 2007 Inderscience Enterprises Ltd.en_US
dc.identifier.issn1746966X
dc.identifier.urihttp://hdl.handle.net/11693/23574
dc.language.isoEnglishen_US
dc.source.titleJournal for Global Business Advancementen_US
dc.subjectaccounting standard complianceen_US
dc.subjectconsolidated financial reportingen_US
dc.subjectgroup accountingen_US
dc.subjectmultinationalsen_US
dc.subjectsubsidiary reportingen_US
dc.subjectvertical adjustmentsen_US
dc.titleCompliance with consolidation (group) accounting standards – the vertical adjustment issue: a survey of Swedish multinationalsen_US
dc.typeArticleen_US

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