A significant problem in international accounting is the presence of a variety of accounting and disclosure standards that have been adopted by various countries as they match their national information needs to specific formats. Efforts at harmonization of world-wide financial statements have been less than successful. The needs in the 1990s suggest the need for an expedient solution to this problem. The current paper addresses this problem and suggests an information systems approach—a new approach—namely the development of an expert system which would be capable of translating disclosure in a particular country standard to one that meets internationally acceptable accounting standards or from one country standards to another country standards. The authors accept ^that the lack of adequate data may be the impediment to the development of the expert system and suggest a solution from database management to alleviate the harmonization dilemma.
Bazaz, Mohammad S. and Parameswaran, Ravi
"Use of expert systems in harmonizing international accounting reports,"
Journal of International Information Management: Vol. 2
, Article 6.
Available at: http://scholarworks.lib.csusb.edu/jiim/vol2/iss1/6