Some Observations on Research on the Benefits to Nations of Adopting IFRS

Brown, Philip H.

doi:10.11640/tjar.3.2013.01

Cited by 22 publications

(21 citation statements)

References 59 publications

(53 reference statements)

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“…Its main objective is to provide choice information on reporting entities for good economic decision (IASB, 2010). Qualitative financial reports have a strong and positive influence on capital providers and other stakeholders when making economic decisions that may increase the efficiency of capital markets (IASB, 2008) IPSAS was principally developed to guide government owned entities in preparing qualitative financial reports and proper implementation of IPSAS helps to boost the quality and reliability of reporting systems within government institutions (Brown, 2013). Opaniyi (2016) found out that IPSAS standard are essential in developing qualitative financial reports.…”

Section: Statement Of the Problemmentioning

confidence: 99%

International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector

Abimbola¹,

Ben-Caleb²,

Madugba³

et al. 2019

IJFR

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This study evaluated the relationship between IPSAS adoption and financial reporting quality in South West, Nigeria. Specifically, it analysed the effect of IPSAS adoption on credibility and comparability of financial statements. Additionally; salient factors influencing IPSAS implementation were investigated. Primary data collected from one hundred and eighty accountants in South West Nigeria were analysed using tabulation, graphs, factor analysis, and Goodman and Kruskal’s gamma statistics.The empirical results indicated that IPSAS adoption exerted significant and positive relationships with financial reporting quality, credibility and comparability of financial statements. Decisively, discoveries from this study reflect that implementation cost, staff training, technological factor, IPSAS knowledge and awareness and availability of expertise significantly affect IPSAS implementation. However, findings further revealed that IPSAS implementation is not significantly influenced by institutional commitment, cultural, sociological, legal, political and environmental factors. Based on these findings, the authors recommend that considerable amount of money should be set aside for full adoption and implementation of IPSAS in Nigeria.

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Section: Statement Of the Problemmentioning

confidence: 99%

International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector

Abimbola¹,

Ben-Caleb²,

Madugba³

et al. 2019

IJFR

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“…Prior to the introduction of IPSAS, there were no recognized international reporting standards specifically designed to guide reporting on the use of public funds by governments to interested parties (Brown, 2013;Ijeoma and Oghoghomeh, 2014;Nkwagu et al, 2016). IPSASs were therefore developed to address issues which were hitherto either not addressed by existing International Financial Reporting Standards (IFRS) or for which no IFRS had been developed (Achua, 2009 as cited in Ademola et al, 2017).…”

Section: Conceptual Framework Of Ipsasmentioning

confidence: 99%

Impact of IPSAS adoption on transparency and accountability in managing public funds in developing countries: Evidence from Liberia

Atuilik¹,

Salia²

2019

J. Account. Taxation

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International Public Sector Accounting Standards (IPSAS) has become one of the popular tools implemented by governments to ensure greater transparency and accountability globally. This research assesses the impact of IPSAS adoption on transparency and accountability in the use of public funds in Liberia. A survey design using five-point Likert scale questionnaire was employed for collecting the data. Questionnaires were administered to accountants, auditors (private and state-owned), government departments and related public sector bodies within the Montserrado County of Liberia. The valid questionnaires were then analysed using descriptive statistics. The hypotheses were formulated and tested by means of analysis of variance (ANOVA) at a 5% significant level with the aid of Microsoft Excel 2013. The study finds that IPSAS adoption increases the level of transparency and accountability in the use of government funds. It further establishes that revenue leakage and inadequate disclosure of public expenditure impedes government commitment to ensure a transparent and accountable management of public funds in the country. Hence, the paper recommends that governments in developing counties should hasten in their transition to the accrual basis IPSAS.

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“…Eliminação de barreiras ao investimento internacional, acréscimo da fiabilidade, transparência e comparabilidade das demonstrações contábeis, aumento da liquidez do mercado e redução do custo do capital são alguns dos benefícios que se pretende obter com a adoção das IFRS (BROWN, 2011;BROWN, 2013). No entanto, a obtenção de tais benefícios depende fortemente das características específicas dos países onde são adotadas, como sugerem os resultados obtidos pelos inúmeros estudos empíricos sobre as consequências da adoção das IFRS.…”

Section: Introductionunclassified

Corporate Governance and the Effect of Ifrs Adoption: The Brazilian Case

Lourenço¹,

Branco²

2015

RUC

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Telefone: +351 225 571 100 RESUMO Este estudo analisa o efeito da adoção das International Financial Reporting Standards (IFRS) no valor relevante da informação contábil apresentada pelas empresas brasileiras de capital aberto e a influência do nível de governança corporativa neste processo de mudança do normativo local para o normativo internacional. Analisa-se o efeito da adoção das IFRS no valor relevante da informação contábil das empresas dos segmentos da BM&FBOVESPA que exigem melhores práticas de governança corporativa (Novo Mercado e Nível 2), comparando-o com as empresas dos restantes níveis de adesão a práticas de governação corporativa. Os resultados obtidos sugerem que a adoção das IFRS teve um efeito positivo no valor relevante do resultado líquido mas apenas no grupo de empresas que sinalizam melhores práticas de governação corporativa. Este estudo A GOVERNANÇA CORPORATIVA E O EFEITO DA ADOÇÃO DAS IFRS: O CASO BRASILEIRO Revista Universo Contábil, ISSN 1809-3337, FURB, Blumenau, v. 11, n. 1, p. xx-xx, jan./mar., 2015 contribui para literatura que sugere que consoante as características das próprias empresas que as adotam podem ser diferenciadas as consequências económicas da adoção das IFRS. Palavras-chave: Brasil. IFRS. Normas Internacionais de Contabilidade. Valor Relevante da Informação Contábil. ABSTRACTThis study analyses the consequences of the adoption of International Financial Reporting Standards (IFRS) in terms of the value relevance of accounting information disclosed by Brazilian listed companies and the influence of the quality of corporate governance practices on the process of changing from local accounting standards to international accounting standards. We examine the effect of IFRS adoption on the value relevance of accounting information of companies from BM&FBOVESPA's segments requiring better corporate governance practices (New Market and Level 2) in comparison with companies from the other segments. Findings suggest that IFRS adoption had a positive effect on the value relevance of accounting information, but only in the case of companies that signal better corporate governance practices. ResumenEn este trabajo se examina el efecto de la aplicación de las International Financial Reporting Standards (IFRS) en la relevancia de la información contable de las empresas con acciones negociadas en BM&FBOVESPA y de la influencia del gobierno corporativo en tal processo de cambio de normas de contabilidade locales para normas de contabilidade internacionales. Para ello se contrasta el efecto de la aplicación de las IFRS en la relevancia de la información contable de las empresas de segmentos de la BM&FBOVESPA que exigen mejores práticas de gobierno corporativo (Nuevo Mercado y Nível 2) con tal efecto en el caso de empresas de los otros segmentos. Nuestros resultados muestran que que hubo un efecto positivo de la aplicación de las IFRS, pero sólo en el caso de las empresas com mejores práticas de gobierno corporativo.

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Some Observations on Research on the Benefits to Nations of Adopting IFRS

Cited by 22 publications

References 59 publications

International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector

International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector

Impact of IPSAS adoption on transparency and accountability in managing public funds in developing countries: Evidence from Liberia

Corporate Governance and the Effect of Ifrs Adoption: The Brazilian Case

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