Archive of Journal - Financing

Financing – scientific magazine for economy

ISSUE 2022, No. 1, Article 2, Year of publication: 13, March, 2022
Professional regulatory requirements for interim financial reporting in Europe and the United States


Bobana Čegar, PhD*

*PhD Assistant Professor, University of Banja Luka, The Faculty of Economics, Department for Accounting and Business Finance



The development of international accounting standards and their general acceptance around the world have greatly contributed to the harmonization of financial reporting at the global level. However, a comparative analysis of professional regulations regarding interim financial reporting between the United States, the United Kingdom, Germany and ten Southeast European countries has shown that certain differences still exist, especially between the United States, which applies US generally accepted accounting standards and European continent. The reasons for these differences could be in the traditional orientation of the accounting system itself, but also the fact that each country has its own specifics, which has an impact on the accounting profession.
Keywords: interim financial reporting, international accounting standards, IAS 34, ASC 270, harmonization of professional regulations.

DOI: 10.7251/FIN2201015C

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