this study has to some extent explained how the interaction between the domestic institutions such as the ECM, the accounting profession and the state on one hand, and international funding institutions such as the WB (Rahman et al., 2002), the IMF and the USAID on the other through technical as well as financial assistance programmes, has produced "global" institutional pressures in order to develop financial regulations similar to that of the IASs.... Although the empirical findings saddest that "globalization" forces have influenced the proess of developing the EFRR , a full investigation of the interaction between global influences and the Egyptian domestics
in fact