... that help explain “why accounting matters,” including: (1) reliability, as captured by strong legal institutions, (2) accruals, (3) increased disclosure, (4) greater comparability, and (5) the use of historical costs (at least for contracting purposes). Notably, the overarching characteristic, which...

...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...

... the comparability of financial reports by moderating differences in the interpretation of accounting standards caused by cultural differences between accountants. Data Availability: The complete version of the research instrument is available from the second author. The paper has benefited from its...

...Qing Liao; Thorsten Sellhorn; Hollis A. Skaife ABSTRACT Beginning in 2005, the EU began requiring consolidated financial reports of publicly traded firms to be prepared in accordance with EU-endorsed International Financial Reporting Standards (IFRS) in an effort to increase the comparability...