, International Financial Reporting Standards (IFRS) had a more timely effect than US Generally Accepted Accounting Principles (GAAP … statements, such as the Basel Accord which sets many policies closely related to the IFRS, such as deferred tax credits. In this … way, this paper aim to enrich the results of these decisions, and illuminate aspects of amendments to IFRS and US GAAP in …

abandoning fair value recognition for selected financial assets. Using a comprehensive global sample of publicly listed IFRS … reclassifying banks do not fully comply with the accompanying IFRS 7 requirements. These banks experience a significant increase in … bid-ask spreads in the long run. -- Bank Regulation ; Fair Value Accounting ; Financial Crisis ; IAS 39 ; IFRS 7 …

Widespread adoption of International Financial Reporting Standards (IFRS) is expected to improve accounting quality …. IFRS is issued by the International Accounting Standards Board (IASB), but the IASB has no power to enforce the standards …. Many are concerned that without adequate enforcement mechanisms, the benefits of IFRS adoption will be minimal. We examine …