Compliance with IFRS mandatory disclosure requirements: a structured literature review

Tsalavoutas, I. , Tsoligkas, F. and Evans, L. (2020) Compliance with IFRS mandatory disclosure requirements: a structured literature review. Journal of International Accounting, Auditing and Taxation, 40, 100338. (doi: 10.1016/j.intaccaudtax.2020.100338)

Abstract

This paper reviews the literature on compliance with IFRS mandatory disclosure requirements for the post-2005 period. We adopt a structured literature review methodology and address three key questions: how is research on compliance with IFRS mandatory disclosure requirements developing; what is the focus and critique of the literature on compliance with IFRS mandatory disclosure requirements; and lastly, what is the future for research on compliance with IFRS mandatory disclosure requirements? We find that studies mostly draw samples from one country and mainly focus on small markets or less developed economies. Articles which use sample firms from more than one country tend to examine primarily large firms from European Union (EU) countries. We identify accounting standards which are commonly associated with low compliance and discuss factors affecting compliance. We note that only a limited number of studies examine the market consequences of compliance. Although we identify multiple scoring methods used in the literature, most studies employ a single method in isolation, despite the shortcomings of this approach. Only a small proportion of studies considers materiality of the disclosures investigated or performs validity and reliability tests. Finally, we discuss policy implications arising from this stream of research and suggest avenues for future research.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Evans, Professor Elisabeth and Tsalavoutas, Professor Yannis and Tsoligkas, Dr Fanis
• Authors: Tsalavoutas, I., Tsoligkas, F., and Evans, L.
• College/School: College of Social Sciences > Adam Smith Business School > Accounting and Finance
• Journal Name: Journal of International Accounting, Auditing and Taxation
• Publisher: Elsevier
• ISSN: 1061-9518
• ISSN (Online): 1879-1603
• Published Online: 14 August 2020
• Copyright Holders: Copyright © 2020 Elsevier
• First Published: First published in Journal of International Accounting, Auditing and Taxation 40:100338
• Publisher Policy: Reproduced in accordance with the copyright policy of the publisher