| Summary: | 碩士 === 元智大學 === 管理研究所 === 90 === In this paper, we review relevant International Accounting Standards with respect to business combination and related intangible assets, and survey fifteen enterprises that apply those standards to prepare their consolidated financial statements. We found that most of these enterprises are in compliance with IAS No.22 and No.38 regarding business combination and related intangible assets, respectively. But in some important areas such as acquisition costs and purchase consideration tendered, we found that most enterprises do not provide adequate disclosure in their reports. Our conclusion is that investors are still in need of more transparent and relevant information to analyze outcomes associated with mergers and acquisitions.
We suggest while enterprises drive to increase their competitive power in the world market, there should be held responsible for the quality and timeliness of their financial reports, if only for the sack of attracting diverse international investors. In addition to the achievement of international convergence of accounting standards, the International Accounting Standards Committee has a challenging job ahead of it: international consistency in compliance.
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