MOLINA SÁNCHEZ, HORACIO, Tua Pereda, Jorge

No

Rev. Esp. Financ. Contab.

Article

Científica

✗

✗

0.176

01/04/2010

000279366600002

The election of the accounting regulation model (a principle-based model or an objective-based instead of a rules-based model) is one of the issues that is tackled in the international accounting harmmonization process because FASB's model is rule-based but IASB's model is principle-based. Empirical evidence from this paper shows that a concrete accounting regulation improves the logical consistency and fills up the lacks of regulation, having a lower influence for supporting the estimations. Between the reasons for supporting a principle-based or a rule-based attitude we find the search for legal certainty.

Accounting regulation; True and fair view; Accounting principles