The convergence of National Accounting Standards with International Financial Reporting Standards: the Italian Case

Rossi Paola

This paper investigates one method for measuring the convergence/divergence between Italian accounting standards and International Financial Reporting Standards. The analysis is based on 38 accounting items examined over the period 1989-2015 as illustrative example. The results show an high level of convergence between Italian accounting standards and International Financial Reporting Standards in the last period 2010-2015. However, the single accounting standards exhibits a different level of similarity with IFRS.

Key-Words: Bilancio e principi contabili, Italian Accounting Standards, International Financial Reporting Standards, Formal Harmonization, Euclidean Distance

Appendix – Tables 1-2-3-4