Thorell and Whittington (B: 1994) discussed the
development of harmonization under the 4th and 7th Directives as well as under IASs. Haller
(B: 2002) discussed the development of accounting standards in the European Union from
the date of the issuance of the 4th Directive through 2002. Also, Combarros (B: 2000)
C.R. Baker, E.M. Barbu / The International Journal of Accounting 42 (2007) 272–304 287
analyzed the evolution of financial presentation practices in the European Union