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Corporate governance and disclosures on the transition to International Financial Reporting Standards

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  • Pamela Kent
  • Jenny Stewart

Abstract

For reporting periods ending on or after 30 June 2004, Australian companies were required to disclose the expected impact of applying Australian equivalents of International Financial Reporting Standards effective from 1 January 2005. The objective of this paper is to examine the association between the level of disclosure and corporate governance quality. Using a sample of listed companies with 30 June balance dates, we find that the quantity of disclosure was positively related to some aspects of superior corporate governance, such as the frequency of board and audit committee meetings and the choice of auditor.

Suggested Citation

  • Pamela Kent & Jenny Stewart, 2008. "Corporate governance and disclosures on the transition to International Financial Reporting Standards," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(4), pages 649-671, December.
    • Handle: RePEc:bla:acctfi:v:48:y:2008:i:4:p:649-671
    DOI: 10.1111/j.1467-629X.2007.00257.x
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