Interpreting the European Union’s IFRS Endorsement Criteria: The Case of IFRS 9

Bischof, Jannis; Daske, Holger

doi:10.1080/17449480.2016.1210181

Cited by 41 publications

(21 citation statements)

References 85 publications

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“…In addition, they found that the local standards less activity to increase the quality of firms' financial statements. Bischof and Daske (2016) stated that there are three criteria that could affect IFRS adoption in Europe union; this in turn could lead to affect the improvement of IFRS adoption in certain issues, such as endorsement process. Their findings showed that these three criteria improve endorsement process in Europe union firms after adopting IFRS 9.…”

Section: Ifrs Adoption In Saudi Arabia Listed Firmsmentioning

confidence: 99%

Resistive factors of delaying IFRS adoption in Saudi Arabia listed firms

Almasarwah

2019

JFRA

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Purpose This study aims to explore and identify the factors that affect Saudi Arabia's decision concerning the adoption of International Financial Reporting Standards (IFRS), and particularly the resistive factors that delay full IFRS adoption. It identifies the way in which Saudi Arabia’s social, political, educational and religious context influence the adoption of IFRS and the delay in doing so. Design/methodology/approach A mixed methodology is used in this research, including both quantitative (questionnaires) and qualitative (semi-structured interviews) data analysis. Whereas, using mixed methods led to enhance the results. Findings The findings show that globalisation, accounting bodies and political circumstances were found to be positively related to IFRS adoption in Saudi Arabia. In contrast, culture and accounting development were found to have a negative impact on the IFRS adoption. Interestingly, the results showed that religion has no effect on IFRS adoption in Saudi Arabia. Practical implications This paper can be of use to both researchers and practitioners interested in investigating more resistive factors that could affect future IFRS adoption in developing countries. Moreover, the findings could be useful to senior managers and legislators in Saudi Arabia firms, in relation to decisions about enhancing the quality of adopting IFRS. Originality/value This research provides an important contribution to the existing literature by using a comparative method to present an in-depth exploration of the factors that affect countries, drawing on the framework of the neo-institutional perspective in a developing country.

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Section: Ifrs Adoption In Saudi Arabia Listed Firmsmentioning

confidence: 99%

Resistive factors of delaying IFRS adoption in Saudi Arabia listed firms

Almasarwah

2019

JFRA

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“…The introduction of IFRS 9 was solicited during the recent financial crisis by various international organizations, with the aim of improving accounting for financial instruments (Bischof and Daske, 2016).…”

Section: Introductionmentioning

confidence: 99%

Investor reaction to IFRS for financial instruments in Europe: The role of firm-specific factors

Onali

Ginesti

Ballestra³

2017

Finance Research Letters

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We examine the market reaction to events related to the standard-setting process of International Financial Reporting Standard (IFRS) 9 for over 3,000 European firms that have adopted IFRS. We find that the market reaction to IFRS 9 is largely affected by firm-specific factors associated with information quality and information asymmetry. In particular, lower information asymmetry and higher information quality have a positive effect on marketadjusted returns. This is in conflict with the common view that IFRS 9 will improve accounting quality for those firms that need it most (namely, small firms with low liquidity and concentrated ownership structure).

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“…First, the private sector EFRAG discusses and advises from a technical perspective. The next steps involve a consulting by the public sector ARC on the results of those initial assessments, from a political standpoint (Bischof and Daske, 2016; Botzem, 2015; Büthe and Mattli, 2011; Walton, 2015).…”

Section: Two Benchmarksmentioning

confidence: 99%

The legal backing for accounting standard-setting in Japan: A historical review

Sanada

2017

Accounting History

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The purpose of this study is to construct a historical narrative of the development of the standard-setting in Japan, where the main standard-setting bodies were changed from public to private sector entities. This study specifically examines the unique coexistence of four sets of accounting standards through the lens of legality. My findings show that four sets of accounting standards are formalized into the domestic legal system through the endorsement by the Financial Services Agency of Japan, although differences in the standard-setting processes and patterns of public delegation exist. This finding also suggests an interesting example of hybridization between legally incomplete ex ante delegation to private sector standard-setting bodies and ex post endorsement by the public sector.

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Interpreting the European Union’s IFRS Endorsement Criteria: The Case of IFRS 9

Abstract: 2.1. The Lack of a Common TFV Interpretation under the EU's Accounting Directives 2.2. The Role of the TFV Interpretation in the IFRS Endorsement Process 2.3. The Role of the Prudence Principle for the Application of the TFV Criterion 2.4. Conclusions

Cited by 41 publications

References 85 publications

Resistive factors of delaying IFRS adoption in Saudi Arabia listed firms

Resistive factors of delaying IFRS adoption in Saudi Arabia listed firms

Investor reaction to IFRS for financial instruments in Europe: The role of firm-specific factors

The legal backing for accounting standard-setting in Japan: A historical review

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