The Impact of the EU Accession Process on Financial Reporting

Abstract

Moldova journey for European Union (EU) membership impose a transformation across its regulatory frameworks. In the field of financial reporting, the EU path triggered adoption of International Financial Reporting Standards (IFRS), alignment with the EU acquis, and implementation of the European Accounting Directive. In this regard, the aim of this paper is to trace the progress achieved by Moldova up to this point on European journey in the financial reporting field. Subsequently, the challenges that remain for the business environment and policies to speed up their reduction will be pointed out. In the study, we will call on the European Commission Reports, existing statistical data, as well as the most recent references subscribed to the researched topic. CZU: [657.41/.45:006.44](478):061.1EU; JEL: M41; M48