THE RELATIONSHIP BETWEEN ACCOUNTING AND TAXATION
   INSIGHT THE EUROPEAN UNION: THE INFLUENCE OF THE
        INTERNATIONAL ACCOUNTING REGULATION


       Dan Dacian Cuzdriorean, „Babeş-Bolyai” University of Cluj-Napoca, Romania
           Dumitru Matiş, “Babeş-Bolyai” University of Cluj-Napoca, Romania

ABSTRACT: In this paper it is realized an overview of the impact of IFRS over European
accounting environment in terms of tax-accounting link. Based on previous studies conducted
regarding the relationship between accounting and taxation to individual financial
statements, it is developed a theoretical framework regarding the differences between
accounting profit and tax profit as starting point of this link. The adoption of IAS/IFRS in the
European Union had an important impact over the accounting environment in countries
where it is a binding link between accounting and taxation, this impact being in the sence of
decreasing the link. The last part of this paper is focus on the Romanian accounting
environment, the analysis concludes that in Romania, the adoption of IAS/IFRS had a strong
influence, in the present the accounting regulation being conforming with the European
Directives but with important influence of IAS/IFRS.

Keywords: relationship between accounting and taxation, IAS/IFRS, European Union

JELCodes: H20; H25; M40; M41