The Influence of Globalization on Corporate Financial Reporting
Keywords:
Globalization, , Corporate Financial Reporting, , International Financial Reporting Standards (IFRS), , Accounting Harmonization, , Transparency, Cross Border Disclosures, Regulatory Challenges, Financial Disclosure, Digital Technologies, Multinational CorporationsAbstract
Globalization has had a profound impact on corporate financial reporting, reshaping the way companies disclose financial information and comply with accounting standards. This paper explores how globalization has influenced financial reporting practices by examining the adoption of International Financial Reporting Standards (IFRS), the harmonization of accounting systems, and the increased demand for transparency in global markets. It also addresses the challenges and opportunities that arise from this trend, including regulatory complexities, cross border financial disclosures, and the role of digital technologies in facilitating global reporting. By analyzing the relationship between globalization and corporate financial reporting, this study provides insights into the evolving financial landscape and its implications for multinational corporations.
