TY - JFULL AU - Sorana M. Manoiu and Razvan V. Mustata and Ji艡铆 Strouhal and Carmen G. Bonaci and Dumitru Matis and Ji艡ina Bok拧ov谩 PY - 2013/8/ TI - Perspectives of Financial Reporting Harmonization T2 - International Journal of Economics and Management Engineering SP - 1905 EP - 1911 VL - 7 SN - 1307-6892 UR - https://publications.waset.org/pdf/16269 PU - World Academy of Science, Engineering and Technology NX - Open Science Index 79, 2013 N2 - In the current context of globalization, accountability has become a key subject of real interest for both, national and international business areas, due to the need for comparability and transparency of the economic situation, so we can speak about the harmonization and convergence of international accounting. The paper presents a qualitative research through content analysis of several reports concerning the roadmap for convergence. First, we develop a conceptual framework for the evolution of standards’ convergence and further we discuss the degree of standards harmonization and convergence between US GAAP and IAS/IFRS as to October 2012. We find that most topics did not follow the expected progress. Furthermore there are still some differences in the long-term project that are in process to be completed and other that were reassessed as a lower priority project. ER -