The need for the adoption of International Financial Reporting Standards (IFRS): some explanations for the pace of implementation
AbstractWhilst the impact of globalisation and harmonisation is currently being witnessed around the globe, and the need to embrace the adoption of International Financial Reporting Standards (IFRSs) is becoming increasingly evident, certain jurisdictions have been much quicker in their embrace, adoption and adaptation of International Financial Reporting Standards, than others. As well as highlighting the need for the adoption of International Financial Reporting Standards, this paper also aims to provide an explanation for the pace of response in the adoption and adaptation of IFRSs in selected jurisdictions. It does so partly through a consideration of the impact of accounting and finance theories which have impacted the standard setting systems of certain jurisdictions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39348.
Date of creation: 09 Jun 2012
Date of revision:
IFRS; accounting; finance theories; creative accounting; accounting reforms; transparency; financial reporting; disclosure; rules based; principles based approach;
Find related papers by JEL classification:
- D0 - Microeconomics - - General
- E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
- K2 - Law and Economics - - Regulation and Business Law
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
- G3 - Financial Economics - - Corporate Finance and Governance
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- G01 - Financial Economics - - General - - - Financial Crises
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- Thorsten Beck & Ross Levine & Norman Loayza, 1999.
"Financial Intermediation and Growth: Causality and Causes,"
Working Papers Central Bank of Chile
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- Levine, Ross & Loayza, Norman & Beck, Thorsten, 2000. "Financial intermediation and growth: Causality and causes," Journal of Monetary Economics, Elsevier, vol. 46(1), pages 31-77, August.
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- Levine, Ross & Loayza, Norman & Beck, Thorsten, 1999. "Financial intermediation and growth : Causality and causes," Policy Research Working Paper Series 2059, The World Bank.
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