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The internationalization of accounting policy in a soft-law context: the case of Renault, 1980–1984

Author

Listed:
  • Philippe Touron

    (UP1 UFR06 - Université Paris 1 Panthéon-Sorbonne - UFR Gestion & économie d'entreprise - UP1 - Université Paris 1 Panthéon-Sorbonne)

  • Peter A. Daly

    (Department of Medical Oncology - St James's hospital)

Abstract

Drawing on institutional theory, this study analyses the internationalization of Renault's consolidated financial statements from 1981 to 1984. This involved the voluntary adoption of International Accounting Standards (IAS), subsequent changes of accounting policy and certification by an international auditor. The paper questions why a state-owned French company began to prepare its consolidated accounts in accordance with IAS and why it selected auditors from the ‘Big Eight' firms. It is shown that the adoption of IAS was directly linked to internationalization and that accounting policy was loosely coupled to standards in a way that left room for earnings management.

Suggested Citation

  • Philippe Touron & Peter A. Daly, 2013. "The internationalization of accounting policy in a soft-law context: the case of Renault, 1980–1984," Post-Print hal-03002966, HAL.
    • Handle: RePEc:hal:journl:hal-03002966
    DOI: 10.1080/21552851.2013.803761
    as

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