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International differences in IFRS policy choice: A research note

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  • Erlend Kvaal
  • Christopher Nobes

Abstract

Building on literature that suggests motives and opportunities for national versions of IFRS practice, we examine whether there are systematic differences in IFRS accounting policies between countries. Using information from the annual reports of companies in the blue chip indices of the largest five stock markets that use IFRS, we reject a null hypothesis that IFRS practice is the same across countries. For 16 accounting policy issues, we find instead significant evidence that pre‐ IFRS national practice continues where this is allowed within IFRS. By this, we document the existence of national patterns of accounting within IFRS. We also point out some policy implications that arise from our findings.

Suggested Citation

  • Erlend Kvaal & Christopher Nobes, 2010. "International differences in IFRS policy choice: A research note," Accounting and Business Research, Taylor & Francis Journals, vol. 40(2), pages 173-187.
    • Handle: RePEc:taf:acctbr:v:40:y:2010:i:2:p:173-187
    DOI: 10.1080/00014788.2010.9663390
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    References listed on IDEAS

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