Financial Disclosure: A First Step to Financial Market Development
By Kim B. Staking, Alison Schulz (04/99, En, Es) See also Infrastructure and Financial Markets
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
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: 05/08/07
