Corporate Governance And International Financial Reporting Reference (Ifrs)

• Author: Gheorghe Lepadatu, Ancuta Geanina Oprea
• Pages: 411-415

Corpor

Finan

Gheo

1

Christian University “Dimitrie

2

Christian University “Dimitrie

Abstract

: Between corporate go

on managerial accountability. Co

become more efficient through

legal framework. This branch

executives to benefit the compa

global nature of the current cri

financial reporting and, implicitl

ensure the economic and finan

crisis, but the analysis made b

important are the corporate gov

We consider that these are reas

regulatory process but also of

behavior both of t

he entities man

involved in the correctness of the

Keywords: financial reporting

;

convergence

1.

General Issues Concerning

The concept of corporate governa

Kingdom of

Great Britain. It is a

If in 1970, Milton Friedman's

„T

dividends paid to shareholders i

conceptions changed.

At presen

where

it operates, she became a

obligations. IFR

S have a key rol

little-

known concept in Romani

controlled (corporate governanc

Performance and

Risks in the

orate Governance

and International

nancial Reporting

Reference (Ifrs)

eorghe Lepadatu

1

, Opre Ancuta Gianina

2

trie Cantemir” Bucharest

,

Faculty of Finances, Ban

cilezbujor@yahoo.com

rie Cantemir” Bucharest

, Faculty of

Legal and Adm

ancaoprea2003@yahoo.com

governance and IFRS there is a causal relationsh ip. Financial r

Corporate governance is the economic branch who studies ho

gh the use of institutio

nal structures such as: incorporation,

h is limited, in most cases, to studies on how sharehold

pany through their efforts, resulting

- finally -

dividends. S

crisis, we have considered as being necessary to p oint out

itly, on the requirements for the corporate governance consoli

cial stability desired. The macro-

economic context favored

by experts showed other reasons for this, out of which s

overnance wea knesses and the insufficient means f

or protect

easons which ask for an objective analysis and a correct a

of the practice in the area corroborated with an invitation

anagement but also of the representatives of the accounting pr

the accounting reporting and therefore in the financial health o

;

corporate governance; internal control;

accounting confor

ing the Financial Reporting and the Corpora

rnance emerged in 1992 as a result of the Cadbury

s a discussion of the concept of

„

social responsibil

„T

heory of stock-holder”

believed that maximize fi

s is the greater social

responsibility of a compan

ent it is considered that a company belongs

mor

a

„citizen of the community”

to which he has som

role in completing the corporate governing. Corpo

ania. It describes all the rules by which a compa

ance is defined as a relationship management

the European Economy

411

anks and Accounting

,

dministrative Science,

al reporting is based

how companies can

n, organization and

lders can motivate

s. Starting f

rom the

ut its effects on the

olidation in order to

red the start of the

some of t he most

ection against risks.

t assessment of the

n for a respo nsible

profession so much

h of the entities.

formity

; accounting

orate Governance

ry Report in the United

bility of

the company”.

financial results of the

pany

, subsequently the

ore

to the community

ome rights and a lot of

rporate governance is a

pany is managed and

t

of a company with