Many accounting regimes, such as U. S. GAAP, IFRS, German GAAP (GoB) and Japanese GAAP, pursue internal consistency … policies to comparable accounting issues in the absence of specific guidance. According to our analysis, the present IFRS … regime fails to ensure this because IFRS dealing with comparable issues are partly inconsistent. We also find that the …

This study examines whether accounting quality changed following a switch from U.S. GAAP to IFRS. Using a sample of … German high tech firms that transitioned to IFRS from U.S. GAAP in 2005, we find that accounting numbers under IFRS generally … addition, after analyzing the accounting quality of firms that applied IFRS throughout the entire sample period, we find that …

This paper focuses on implementation of a two-tiered external financial reporting enforcement mechanism in Germany 2004 … of the distinction to non-misstating firms. My results show the meaning of the enforcement of IFRS for the quality of … financial reporting to standard setters, policy makers, and investors in Germany …

jurisdictions to ascertain consistent and faithful application of IFRS, this paper provides capital market based evidence on … investor reactions for one specific institutional setup: the two-tier enforcement system in Germany. In operation since 2005 …