Fair value hierarchy in financial instruments disclosure - do audit committee and internal audit matter

Doorgakunt, Lakshi Devi Boolaky

doi:10.1504/ijcg.2019.101511

Cited by 2 publications

(4 citation statements)

References 6 publications

(6 reference statements)

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“…Consistent with the idea that European countries mandated IFRS-9 adoption much earlier, several research papers analysed the impact of IFRS-9 on financial statements for specific jurisdictions, such as the UK (Lueg et al, 2014), Spain (Fito et al, 2012) and Greece (Tsalavoutas and Evans, 2010). There are also studies focusing on non-European jurisdictions, such as Mauritius in Africa (Doorgakunt, 2019) and Jordan in the Middle East (Eyalsalman et al, 2024) and India, among Asian economies (Bansal and Garg, 2021;Nikhil et al, 2023).…”

Section: Prior Evidencementioning

confidence: 98%

“…, 2012) and Greece (Tsalavoutas and Evans, 2010). There are also studies focusing on non-European jurisdictions, such as Mauritius in Africa (Doorgakunt, 2019) and Jordan in the Middle East (Eyalsalman et al. , 2024) and India, among Asian economies (Bansal and Garg, 2021; Nikhil et al.…”

Section: Prior Evidencementioning

confidence: 99%

“…2019;Lopez-Espinosa et al, 2021), we estimate specifications of the following form for bank i in country k and time t:…”

mentioning

confidence: 99%

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IFRS-9, expected loan loss provisioning and bank liquidity creation: early evidence

Ghosh

2024

ARJ

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Purpose The relevance of both microeconomic and macroeconomic factors in driving banks’ liquidity creation within a cross-country setup has been addressed in prior research. The purpose of this study is to explore whether and how the recent International Financial Reporting Standards-9 (IFRS-9) accounting standards affect this relationship. Design/methodology/approach The author exploits the staggered implementation of IFRS-9 across countries and use a difference-in-differences framework to tease out the causal impact. Findings The findings indicate that the enactment of IFRS-9 leads to an increase in asset-side liquidity creation and a decline of broadly similar magnitude in liability-side liquidity creation. As a result, total liquidity creation remains unaltered. Disaggregatedly, the evidence shows that all the key channels on the asset and liability side are instrumental in explaining this behaviour. Originality/value The author views this as one of the early studies in a cross-country setup to explore the interlinkage between IFRS-9 and bank liquidity creation. Since liquidity creation measure provides a comprehensive metric of liquidity supplied by banks to the market, the study seeks to inform the policy debate on the role of these recently instituted accounting standards on bank liquidity behaviour.

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Section: Prior Evidencementioning

confidence: 98%

Section: Prior Evidencementioning

confidence: 99%

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IFRS-9, expected loan loss provisioning and bank liquidity creation: early evidence

Ghosh

2024

ARJ

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“…Since European countries mandated IFRS adoption in 2005, there are studies that document its [IFRS] impact on financial statements (Christensen et al , 2009; Lueg et al , 2014; Gastòn et al , 2010 – the UK; Fitó et al , 2012 – Spain; Serkan et al , 2013, Lantto and Sahlstron, 2009 – Finland; Tsalavoutas and Evans, 2010 – Greece). On the other hand, in the Indian Ocean, in 2001, Mauritius was the first country to mandate IFRS, even before Europe and the UK but with few studies on this theme (Doorgakunt, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Consequences and determinants of IFRS convergence in India

Tawiah

Boolaky²

2020

IJAIM

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Purpose The purpose of this paper is to provide evidence of how convergence to International Financial Reporting Standards (IFRS) impacts accounting values and the determinants of variation in equity adjustments among Indian companies. Design/methodology/approach Using a sample of 323 listed companies, the authors empirically test whether there is a significant difference between converged IFRS (Ind.AS) and Indian Generally Accepted Accounting Principles (GAAP) (AS) reported figures and ratios and why companies adjust differently. Findings This paper reveals that fair valuation under Ind.AS causes a significant decrease in goodwill. A substantial decrease in both current and long-term liabilities because of non-recognition of proposed dividend, discounting of long-term provision per Ind.AS was also found. The variations in equity adjustment were significantly influenced by capital structure, level of family control and auditor type. Practical implications This paper provides insights to users who are interested in historical data, that Ind.AS brings significant changes in the accounting values and ratios and the impact differs among companies based on capital structure, ownership and auditor type. Originality/value This paper contributes to the literature of IFRS convergence in India by providing rational analysis of the differences between IFRS, Indian converged GAAP and Indian local GAAP among companies and its impact on accounting values.

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Fair value hierarchy in financial instruments disclosure - do audit committee and internal audit matter

Cited by 2 publications

References 6 publications

IFRS-9, expected loan loss provisioning and bank liquidity creation: early evidence

IFRS-9, expected loan loss provisioning and bank liquidity creation: early evidence

Consequences and determinants of IFRS convergence in India

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