The IFRS Adoption by BRICS Countries: A Comparative Analysis

Dolgikh, Tatiana

doi:10.1007/978-3-319-49559-0_35

Cited by 3 publications

(2 citation statements)

References 8 publications

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“…Consequently, the demand for IFRS adoption will be high, as firms that perceive higher economic incentives will achieve higher level of compliance with IFRS in their financial reports (Broker, 2012). This step will enhance the economic relations between the members of the bloc, despite the great variations in political, cultural, and juridical systems (Dolgikh, 2017).…”

Section: Internationalization Of Accounting and Auditingmentioning

confidence: 99%

Auditors’ Perception of the Consequences of Egypt’s Membership of the BRICS Bloc on the Accounting and Auditing Profession: A Field Study

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بدوى

2024

مجلة الشروق للعلوم التجارية

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Section: Internationalization Of Accounting and Auditingmentioning

confidence: 99%

Auditors’ Perception of the Consequences of Egypt’s Membership of the BRICS Bloc on the Accounting and Auditing Profession: A Field Study

على,

بدوى

2024

مجلة الشروق للعلوم التجارية

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“…This leads to the use of two different logics of the accounting process. Thus, Russian companies are insufficiently motivated to apply the IFRS, and sometimes do not understand the usefulness of international practices and views (Dolgikh, 2017). On the other hand, there is an empirical evidence that Russia leading firms cross-listed on the London Stock Exchange provide users with more value-relevant information.…”

Section: Literature Reviewmentioning

confidence: 99%

Does the Auditor Have a Direct Influence on the Financial Statement Quality?

Dolgikh¹

2017

EFAJ

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Abstract:In the modern process of globalization, IFRS standards are widely used in the financial world, Russian Federation is one of these examples. The application of IFRS in Russian Federation first began in the early 90-ies of the twentieth century. During IFRS adoption many companies were involved in this process. Nowadays, a big part of all Russian companies obligatory use IFRS standards to prepare their statements. The purpose of this article is to analyse current practices of financial reporting procedures, its compliance with the rules of the IAS 1 as well as identifying the dependencies between the auditor selection and the quality of reporting. For this paper, a special Questionnaire was developed and for each selected organization a special profile, which included analysis of all financial statements for the period of the 2015 year was created. The study shows that the financial reports quality of the largest Russian companies on a high level. However, many companies face the problem of RAS and IFRS differences during reports transformation that directly influences its quality. During the study process it becomes clear, that auditor has a direct impact on the financial statements quality.

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Adoption of IFRS in Ecuador and Colombia 2010-2016

García¹,

Román²,

Jiménez³

2019

COC

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The International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB), have been adopted by a large number of countries, since they are considered an international benchmark for obtaining comparable quality financial information. The adoption by Ecuador and Colombia of IFRS as a transition from their previous local regulations based on provisions and decrees, justifies the present research work to provide knowledge of the regulatory reality of both countries. Behind this ambitious adoption of accounting standards, since they are costly processes both financially and in terms of training, there is a need to obtain consistent financial information that should attract investments and facilitate access to other less harmful financial markets. The purpose of this research is to perform an analysis of the effect on the accounting variables of the balance sheet and financial ratios, before and after the application of IFRS on large Ecuadorian and Colombian companies. To do this, Wilcoxon’s nonparametric test of related samples is used, on a total of 204 Ecuadorian companies and 60 Colombian companies. To compare the results of both countries, a non-parametric U Mann-Whitney test is carried out. The results show an impact in both countries on the variables studied after the mandatory adoption of IFRS, although the relative impact is greater in the Colombian case.

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The IFRS Adoption by BRICS Countries: A Comparative Analysis

Cited by 3 publications

References 8 publications

Auditors’ Perception of the Consequences of Egypt’s Membership of the BRICS Bloc on the Accounting and Auditing Profession: A Field Study

Auditors’ Perception of the Consequences of Egypt’s Membership of the BRICS Bloc on the Accounting and Auditing Profession: A Field Study

Does the Auditor Have a Direct Influence on the Financial Statement Quality?

Adoption of IFRS in Ecuador and Colombia 2010-2016

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