Este informarea privind riscul a entitatilor Românesti în conformitate cu IFRS 7? (Risk disclosures of Romanian firms. Do they comply with IFRS 7?)

Article Type: AMIS statement and abstracts From: International Journal of Accounting and Information Management, Volume 17, Issue 1

With the recent market conditions and events, investors and regulators are very interested about the risks to which companies are exposed. Under such circumstances, the quality of risk disclosures is under scrutiny. The lack of adequate and consistent disclosure of risk exposures has a corrosive effect on market confidence. This determined IASB to focus on the risk issue with the intent of giving investors “information about an entity’s exposure to risks and how those risks are managed”. IFRS 7 includes risk disclosures that supersede those in IAS 32 and IAS 30, and became effective from January 2007. The purpose of this paper is to analyze the current disclosure practices of Romanian companies related to the risks generated by financial instruments and compare them with the disclosure requirements stipulated in IFRS 7. Based on several theories we developed several hypothesis aiming to explain the determinants of the compliance level of the Romanian companies with IFRS 7. Considering the mandatory adoption of International Accounting Standards after 2007 by listed groups, the ultimate objective is to analyze the characteristics of companies that are closest to the disclosure requirements of IFRS 7.

Keywords: Disclosure, Risk reporting, Compliance, IFRS 7

Maria Madalina Gîrbina, Stefan BuneaAcademia de Studii Economice din Bucuresti, Bucharest, Romania