The mandatory adoption of the International Financial Reporting Standards (IFRS) in 2005 made it a priority in the European regulatory and institutional framework to address the analysis of the economic effects of IFRS. This involves examining the economic consequences of the accounting changes that occur when the International Accounting Standards Board (IASB) issues new standards, as well as analysing the standard-setting process itself. A key aspect is to analyse how stakeholders, as well as standard-setters, interact and to analyse the extent to which there is compatibility between the objective of increasing the quality of information (transparency, relevance, reliability and comparability) to facilitate users' decision-making and the achievement of other objectives, such as financial stability. All this in a context with diverse institutional characteristics, which nevertheless directly affect accounting practices.
On the other hand, as a result of the changes in the attitude of organisations and stakeholders in relation to corporate social responsability, it is a priority to analyse how the new proposals on Non-Financial Reporting-NFR (which include social, environmental, intangible assets, staff, corporate governance, human rights, corruption and bribery aspects) derived mainly from Directive 2014/95/EU are going to be formalised and transformed into standards equivalent to those currently existing on financial information (IFRS) in the EU. These aspects are acquiring a significant importance, as revealed in the consultation paper “Sustainability Reporting” issued by the IFRS Foundation (2020), the IASB’s parent foundation. In relation to this type of reporting, we could compare the current situation with the one before 2005 when there were no single accounting/financial standards. The development of NFRs will depend on the steps taken in the coming years.
Legal analysis of national and international tax regulations from a constitutional, EU law and comparative perspective. Verification of the legality of the procedures for applying the taxes that form part of the tax systems.
The research group develops various lines of research ranging from the study of the process that determines the training received by future accounting professionals, the impact that new technologies have on the transparency of public and private entities, the reporting models needed to improve internal and external decision-making in organisations, and the impact that financial auditing has on various economic and financial variables of companies.
