Regulating the international Markets of the Exchange: From Regulation of Securities Transactions to Legal Regulation of Accounting Standards

his paper makes three important assumptions in the course of implementation of the securities regulation and tries to explore the extent of their existence and ways of promoting them as follows: (1)At the national level the enforcement of securities regulation is not possible unless there are sound and practical accounting rules and procedures. (2)The accounting regulation, like any other form of regulation is required to rectify the failure of the accounting profession in producing the right level of information required under securities regulation. (3)The true internationalization of the securities markets or regulation of international securities markets could not be achieved unless there could be uniform accounting standards. This paper attempts to examine the possibility of international accounting standards for the sake of facilitating the emergence of truly international securities markets and the enhancement of the enforcement of national regulatory standards to the international markets.