Do accounting standards effect PMS tools? The case of IAS/IFRS adoption in Italy

The objective of the research is the investigation of the impacts of the adoption of the international accounting standards on the management control systems, that is, the definition of the mutual information interrelations that establish between public reporting and control tools. The research has been conducted administering a questionnaire to the Italian companies that have drafted a financial statement according to the international financial reporting standards (IAS/IFRS). Our analysis showed that in most cases, the companies have made gradual upgrades and modifications to the control system architecture, limiting the introduction of the new tools to manage the migration to the IAS/IFRS standards. At the same time there were few impacts caused by the transitions to IAS/IFRS on the organizational structure and on the process of management control