2019-2020

Permanent URI for this collection

Now showing 1 - 1 of 1

IFRS implementation and financial reporting quality: Review of evidences from ASEAN countries
(2020) Costa, Juao; Gomes, Lorraine Rayelle
Emergence of the International Financial Reporting Standards (IFRS) has been one of the largest phenomena in the area of accounting and financial reporting. It has given rise to in-depth discussions among stakeholders and academicians on the benefits as well as consequences of IFRS adoption on economies. The study was aimed at analysing the available literature on IFRS implementation in the Association of South-East Asian Nations (ASEAN). The 10 nation association shares strong trade and investment relations with India. In the wake of international trade it is therefore important to ensure comparability of financial reports with those of trade partners. The study therefore is an attempt to understand the IFRS implementation of select ASEAN members. It also reviews the impact of IFRS on financial reporting quality among ASEAN members with special focus on the aspects of value relevance, information quality and earnings. The entire study was based upon the existing literature and secondary data available on IFRS implementation among ASEAN members. The findings of the study provide an understanding of the implications of IFRS and its adoption or convergence on economies. Keywords: IFRS, ASEAN, financial reporting