Worldwide Application of IFRS 3, IAS 36 and IAS 38, Related Disclosures, and Determinants of Non-Compliance

Tsalavoutas, I. , André, P. and Dionysiou, D. (2014) Worldwide Application of IFRS 3, IAS 36 and IAS 38, Related Disclosures, and Determinants of Non-Compliance. Project Report. Association of Certified Chartered Accountants, London.

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Publisher's URL: http://www.accaglobal.com/content/dam/acca/global/PDF-technical/financial-reporting/rr-134-001.pdf

Abstract

The uniform application of International Financial Reporting Standards (IFRS) across different jurisdictions has been heavily questioned, since the implementation of high-quality accounting standards (as IFRS claim to be) may not necessarily lead to high-quality reporting because of the influences of different socio-economic environments on financial reporting practices. This means that equal levels of compliance with mandatory disclosure requirements and/or consistent measurement and display of similar transactions between different companies may not be achieved. This concern is investigated here, first, by examining the accounting for, and the information disclosed under, IAS 36 Impairment of Assets, IAS 38 Intangible Assets and IFRS 3 Business Combinations. Secondly, levels of compliance with these three standards’ mandated disclosures and their determinants are considered. These investigations involved a large sample of companies from different countries around the world.

Item Type:Research Reports or Papers (Project Report)
Status:Published
Glasgow Author(s) Enlighten ID:Tsalavoutas, Dr Ioannis
Authors: Tsalavoutas, I., André, P., and Dionysiou, D.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Publisher:Association of Certified Chartered Accountants
ISBN:9781859084892

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