Financial Disclosure: A First Step to Financial Market Development

By Kim B. Staking, Alison Schulz (04/99, En, Es)

Financial markets depend on information to operate effectively. Without reliable and timely information, investors cannot evaluate the risks associated with investment opportunities, or increases in the cost of capital; many otherwise acceptable investments are prevented from taking place. One of the most effective ways to improve disclosure is to adopt high-quality, globally acceptable accounting principles and auditing standards.

The five papers collected in this volume make a strong case for improved disclosure and international standards, present case studies on the transition taking place in Mexico and Venezuela, and include guidelines for ensuring an effective transition. These presentations were made at a conference entitled "Financial Disclosure and Development of Financial Markets in Latin America and the Caribbean," co-sponsored by the Inter-American Development Bank, the International Accounting Standards Committee, and the Interamerican Accounting Association.


Contents

List of authors

Preface
Antonio Vives

Introduction
Kim B. Staking

List of abbreviations

Chapter 1
Improved Financial Disclosure as a Prerequisite to Financial Market Development
Kim B. Staking and Alison Schulz

Chapter 2
Corporate Financial Disclosure and Financial Market Development
Fredederick D. S. Choi

Chapter 3
The Move Toward International Accounting Standards: An Analysis of the Mexican Experience
Armando Murguía O'Keefe

Chapter 4
Accounting Principles in Venezuela:
How International Will They Be?
Alberto Krygier

Chapter 5
A Transition Plan to Globally Accepted Accounting
Principles and Uniform Application of Internationally
Accepted Auditing Standards
Alvin Carley

English (77 pp.) 1999
$19.95
ISBN: 1-886938-52-0
To purchase this publication, please refer to the IDB Bookstore.

Last updated: 06/01/07