Des Directives européennes aux IFRS: un approche critique

Contrary to common opinion, the accounting standards, the so-called principles, are not principles, but on the contrary codified uses. This is the main difference vis-à-vis the rules of continental Europe, based on organic laws stemming from the National Codes, in origin the same Code Napoleon. According to multiple statistical analyses, the quality of European annual accounts was not so lower than the international ones already before the adoption of the 4th and 7th UE Directives. With that adoption anyway, and the subsequent legitimation of IFRS, the situation has once more changed, under a process of <commonization> of our civil-law structures, and this way the emerging of a bulk of special problems. Just to mention one, the self-affirmation of <marked to market values> and sunset of prudence, wrongly defined conservatism in Great Britain.