Accounting harmonization in the BRIC countries: a common path?

Alessandro Ghio, Roberto Verona

Research output: Contribution to journalArticleResearchpeer-review

22 Citations (Scopus)


The aim of this paper is to understand the similarities and differences in the accounting convergence process of the BRIC countries. The study examines the evolution of these countries' accounting systems by developing a three-dimensional framework based on the political, economic and cultural elements. Brazil and Russia merely imitate, whereas China and India edit and translate the international standards ('informed divergence'). The political aspect, supported by the national culture and 'community', represents the main driver, even if the three dimensions are closely interconnected and overall, we show the current emergence of limits of the implementation of the dominant market model.

Original languageEnglish
Pages (from-to)121-139
Number of pages19
JournalAccounting Forum
Issue number2
Publication statusPublished - Jun 2015
Externally publishedYes


  • Accounting harmonization
  • Accounting systems
  • BRICs
  • GAAP

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