The Analysis of the Relationship between the Values under IFRS and under GCAS: An Exploratory Study on Moroccan Financial Market

Anass Cherti, Houria Zaam


Until the end of the 1980s, the activity of accounting standardization was strictly national for tax and legal reasons. This conception or logic was revised in the last quarter of the twentieth century following the globalization of the economy and the intensification of the international market/stock exchanges. Indeed, the multitude of accounting standards urged investors to spend an enormous amount of time understanding them before analyzing the economic situation of the countries in which they wanted to invest. Several organizations were therefore set up to develop international accounting standards.

The purpose of this article is to present the results of an empirical study using companies listed on the Casablanca Stock Exchanges (CSE), to measure the relationship between the values under International Financial Reporting Standards (IFRS) and those under the General Code of Accounting Standardization (GCAS) on the Moroccan financial market.

The results show that the values of the accounting and financial information under the international reference "IFRS" are in common evolution with the values of accounting and financial information under the national reference "GCAS".

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