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Harmonizing Financial Reporting Standards: Driving Cross-Border Mergers and Acquisitions in a Globalized Economy

Harmonizing Financial Reporting Standards: Driving Cross-Border Mergers and Acquisitions in a Globalized Economy
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Author(s): Pawan Kumar (Graphic Era University, Dehradun, USA), Arvinder Kaur (Chandigarh University, India)and Sanjay Taneja (Graphic Era University (Deemed), Dehradun, India)
Copyright: 2025
Pages: 34
Source title: Aligning Financial Reporting Standards With Global Trade Needs
Source Author(s)/Editor(s): Luan Vardari (University "Ukshin Hoti" Prizren, Kosovo)and Isuf Qabrati (University “Ukshin Hoti” Prizren, Kosovo)
DOI: 10.4018/979-8-3373-0887-6.ch002

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Abstract

This chapter explores the vital role of harmonized financial reporting standards in facilitating cross-border mergers and acquisitions in global economy, emphasizing the need for regulatory alignment to streamline processes, reduce complexities, and enhance transaction efficiency; it addresses challenges between US GAAP and IFRS regarding asset valuation, due diligence, and compliance, while highlighting' how emerging technologies like blockchain, artificial intelligence, and data analytics improve the speed, accuracy, and transparency of financial reporting, minimizing fraud risks and reporting errors; the chapter also underscores the contributions of financial institutions and advisory firms in driving harmonization, ensuring multinational corporations adopt best practices for financial compliance, and concludes by forecasting that the future of global M&As will be shaped by integrated reporting standards, new technologies, and investor-driven momentum, promoting greater market efficiency, regulatory coherence, and a more transparent, accountable global financial landscape.

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