Accounting Harmonization in Arab Maghreb

During the last decade there has been a proliferation of research on the feasibility and prospects for accounting harmonization. To some extent, the magnitude of these researchers focused on Europe and developed countries. However, the Arab Maghreb region has not been explored. On the basis of examining similarities and differences in environmental factors, this paper addresses policy issues to identify the possibility of the accounting harmonization in the Maghreb. It examines many factors environmental and political ones. This paper compares the financial reporting in Libya, Tunisia, Algeria and Morocco. Despite many points of convergence, the paper concludes with the necessity to practice the accounting harmonization in Arab Maghreb.