...Yu-Lin Hsu; Ya-Chih Yang ABSTRACT New U.K. GAAP follows the design of IFRS and IFRS for Small and Medium-Sized Entities (SMEs) and was introduced from 2015 to improve the comparability and quality in financial reporting and to reduce disclosure costs. This new standard heavily affected...

... delistings in economies that implement regulations strictly. Furthermore, we examine a core element of the FSAP, the International Financial Reporting Standards (IFRS) mandate, which aimed to improve public firms’ reporting and disclosure quality. IFRS continued to undergo rapid changes after 2005, and we...

...Natalia V. Generalova; Mikhail L. Pyatov; Boris I. Sokolov ABSTRACT The authors analyze the trends in the application of IFRS in Russia in the post-Soviet period between 1991 and 2021. The research relies on Russian regulatory legal acts, scientific and professional publications, and the data...

...Stefano Cascino; Holger Daske; Mark DeFond; Annita Florou; Joachim Gassen; Mingyi Hung ABSTRACT At the Ninth International Conference of the Journal of International Accounting Research, Editor Steve Lin organized a plenary session titled “20 Years of IFRS Research” to commemorate...

... of transparency on firms’ capital inputs (capital utilization channel). Exploiting the increase in financial transparency following the mandatory International Financial Reporting Standards (IFRS) adoption by European Union countries, we perform a battery of tests that indicate subsequent increases in labor...

...Jingduan Li; Youngdeok Lim; Richard D. Morris ABSTRACT We investigate changes to the use of private debt covenants following the mandatory adoption of IFRS globally. Using a difference-in-differences specification, we find a significant decrease in accounting-based debt covenants (mainly balance...

... summarized the historical development in the structure of the OTC markets in Appendix A and the listing and financial standards and financial disclosure requirements for different tiers of the OTCQX market in Appendix B. OTC OTCQX cross-listing foreign private issuers earnings transparency IFRS...

...Yoshiaki Amano ABSTRACT This study examines how firm behaviors are affected by the voluntary adoption of International Financial Reporting Standards (IFRS) in Japan, which has expanded the scope for the capitalization of intangible assets compared with the Japanese Generally Accepted Accounting...

... Italian firms in their samples. Editor's note: Accepted by Joanna L. Ho. 9 2018 11 2019 2020 financial accounting research international accounting IFRS corporate governance Italy In a 2016 essay published by the International Journal of Accounting Research...

... was presented at the Institute for Advanced Studies at Hong Kong University of Science and Technology. Editor's note: Accepted by Joanna L. Ho. August 2019 September 2019 2019 IFRS reliability disclosure comparability historical costs The purpose of this talk...

... and the Securities and Exchange Commission—Quebec firms cross-listed in the U.S. restate at a rate similar to the ROC. Finally, we document that Canadian firms restate less frequently after adopting IFRS, consistent with more principles-based standards being more difficult to enforce ex post than more rules...

...Hsiao-Lun Lin; Shu-Ling Yeh; Ai-Ru Yen ABSTRACT Following the trend toward a globalized accounting standard, many non-English-speaking countries have adopted the International Financial Reporting Standards (IFRS). Translation of the IFRS from English to other languages is inevitable; thus...

... statements under International Financial Reporting Standards (IFRS). Distinct from prior research focusing on the equity market, we investigate the impact of eliminating the 20-F reconciliation on the cost of debt in the U.S. listed foreign bond market. Employing a difference-in-differences approach, we...

... (IFRS) (MANDATORY sample). Additionally, we utilize a control sample of German firms that report using IFRS during the entire sample period (CONTROL sample). In both the MANDATORY and CONTROL samples, we find evidence of decreased conditional conservatism, increased value relevance of earnings...

...Korok Ray ABSTRACT I build a model of neoclassical production to examine the capital market and welfare effects of a uniform accounting standard (like IFRS). Firms vary in their cost of compliance to the standard, and investors vary in their cost of learning diverse standards for capital...

...Michael T. Dugan; Elizabeth H. Turner; Clark M. Wheatley ABSTRACT In 2007, the Securities and Exchange Commission (SEC) eliminated the 20-F requirement to reconcile IFRS financial disclosures to U.S. GAAP. We find that this change in SEC regulation is associated with an overall decrease...

...Elizabeth Felski ABSTRACT Global adoption of International Financial Reporting Standards (IFRS) is thought to increase financial statement reliability and comparability. Although IFRS is required or allowed in over 130 nations, some countries modify IFRS as issued by the International Accounting...

...Yi-Hung Lin; Hua-Wei (Solomon) Huang ABSTRACT This study examines the impact of the Securities and Exchange Commission's (SEC) policy in 2007 to eliminate the Form 20-F reconciliation requirements for foreign cross-listed firms following the International Financial Reporting Standards (IFRS...

... U.S. GAAP and IFRS principles, especially in terms of the guidelines surrounding business combinations and the concept of control. Now, given the similarity of the U.S. GAAP and IFRS equity investment accounting standards and their more recent emphasis on the control concept, one would not expect...

...Denis Cormier; Michel L. Magnan ABSTRACT The paper focuses on Canada's enactment of IFRS for publicly accountable firms. We investigate whether IFRS meet one of their stated goals, which is to improve financial statements' relevance for stock markets. Results show that migrating from Canadian GAAP...