European Commission has recently endorsed IFRS 13 on fair value measurement and is considering the endorsement of IFRS 9, which …

This paper discusses empirical research on the effects of the adoption of IAS/IFRS on the quality of financial … reporting. In doing so, it focuses on the European Union. The adoption of IAS/IFRS in Europe is an example of accounting … financial reporting. This is a key issue for standard setting purposes as IAS/IFRS have been adopted in very diverse countries …

market investors and whether IFRS are more value-relevant than domestic GAAP. This issue is key in evaluating the decision … made by some states in the European Union to extend the use of IFRS to separate financial statements.Findings provide … expectations, separate financial statements under IFRS do not have incremental information content beyond domestic GAAP. There is …

We examine the subsidiary- and group-level determinants of IFRS adoption by unlisted UK firms. Many unlisted firms are … group-level. Consistent with this hypothesis, we find that subsidiaries adopt IFRS as part of their group's strategy to …

A significant reduction in accounting-based debt covenants follows mandatory IFRS adoption, consistent with reduced … contractibility of accounting information. We describe several properties of IFRS that could reduce contractibility, including … difference between prior domestic standards and IFRS, defined in terms of both general and fair value accounting standards …

Integration of the world economies has mandated the global inception and recognition of IFRS not only for large … companies but also for SMEs. We examine wide-ranging real-life IFRS practices experienced in the world while devoting a … particular focus to Turkey. We show that although the countries seriously considering the practice of IFRS confronted some severe …

Financial Reporting Standards (IFRS) in substance (the content of IFRS) to IFRS in substance and form (IFRS as issued by the … is now formally referred to as IFRS as issued by the IASB. We use data from South Africa, a country whose local Generally … Accepted Accounting Practices (GAAP) was word-for-word the same as IFRS prior to the adoption of IFRS as issued by the IASB in …