Do accounting standards affect PMS tools? The case of IAS/IFRS adoption in Italy

The objective of this project was to investigate the impact of theadoption of international accounting standards (IAS/IFRS) on a company’sperformance measurement system (PMS). This study was conducted through aquestionnaire sent to Italian companies that drafted a financial statementadopting the new accounting standards. Our analysis showed that in most casesthe companies made only gradual upgrades and changes to their PMS, limitingthe introduction of new accounting tools to manage the switchover to IAS/IFRSstandards. At the same time, there was little impact on company organisationand the span of control of the PMS caused by the shift to IAS/IFRS.