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Are changes in international accounting standards making them more complex?

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  • Ana Isabel Morais

Abstract

One of the objectives of International Accounting Standards Board (IASB) is to develop high-quality standards based on clearly articulated principles. However, despite stating that International Financial Reporting Standards (IFRS) are based on principles, IASB continuously revises and amends IFRS. This paper explores the relation between the changes in IFRS and whether the standards have become more complex over time. The sample comprises changes to IFRS between 2005 and 2016. Following Mergenthaler [(2012). Principles-based versus rules-based standards and accounting irregularities (Working paper)] and Donelson, McInnis, and Mergenthaler [(2012). Rules-based accounting standards and litigation. The Accounting Review, 87(4), 1247–1279], this paper scores the rules-based continuum for each standard. The results show that IFRS is becoming more complex because of the changes.

Suggested Citation

  • Ana Isabel Morais, 2020. "Are changes in international accounting standards making them more complex?," Accounting Forum, Taylor & Francis Journals, vol. 44(1), pages 35-63, January.
    • Handle: RePEc:taf:accfor:v:44:y:2020:i:1:p:35-63
    DOI: 10.1080/01559982.2019.1573781
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    Cited by:

    1. Pinto, Inês & Morais, Ana Isabel & Quick, Reiner, 2020. "The impact of the precision of accounting standards on the expanded auditor’s report in the European Union," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 40(C).
    2. Bryan Howieson & Janice Loftus & Sabine Schührer, 2024. "Are accounting standards understandable?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 1083-1109, March.
    3. Yixuan Peng & Sayed Fayaz Ahmad & Ahmad Y. A. Bani Ahmad & Mustafa S. Al Shaikh & Mohammad Khalaf Daoud & Fuad Mohammed Hussein Alhamdi, 2023. "Riding the Waves of Artificial Intelligence in Advancing Accounting and Its Implications for Sustainable Development Goals," Sustainability, MDPI, vol. 15(19), pages 1-12, September.

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