“…On this research area, some studies analysed the effects of IAS/IFRS on the comparability of financial statements in different countries (Callao, Jarne, & Lainez, 2007;Bartov, Goldberg, & Kim, 2005;Delvaille, Ebbers, & Saccon, 2006). The impacts deriving from the globalization of markets have been highly relevant, so some authors have analyzed on the nature and significance of the word "accounting" and the best practices for research methodology (Williams, 2009;Messner, 2009); some others have focused on the relation between truth, ethics, and accounting (Bayou, Reistein, & Williams, 2011). Because financial statements can be considered a "milestone" in the decisional process of investors, a significant number of studies underline the necessity to have a closer relationship between finance and accounting, especially in the evaluation of "risky cash flows" and in the definition of existing "risk factors" (Hopwood, 2009;Pope, 2010).…”