Impact of International Accounting Standards in implementation of national securities regulation

This dissertation examines the issues surrounding international accounting standards in securities markets. Chapter one looks at the meaning and place of information in securities transactions, information disclosure under securities regulation and the role of accounting standards in verifying disclosure requirements in securities regulation. Chapter two focuses on internationalization of securities markets, considering whether there is a need for harmonization of accounting standards - looking at the challenges that may be faced in introducing and incorporating International Accounting Standards and examining the role of international accounting standards in combating corruption. The paper concludes with an overall evaluation of the role of international accounting standards and a few recommendations that may help to overcome the challenges associated with the implementation of international accounting standards.