A LITERATURE REVIEW ON THE IMPACT OF IAS/IFRS AND REGULATIONS ON QUALITY OF FINANCIAL REPORTING

Risk Governance & Control: Financial Markets & Institutions

关键词: Reporting Requirements Compliance;    IAS;    IFRS;    IASB;    Reporting;   

DOI  :  10.22495/rcgv6i4art13

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

The International Accounting Standards Board (IASB) in its objectives and preamble, presume that IFRS adoption and perceived compliance to regulatory framework is associated with increased financial reporting quality. Based on these assumptions, this desktop study reviewed several documents to determine whether the IFRS adoption has led to increased financial reporting quality in Zimbabwe. The researchers reviewed literature on how the IAS/IFRS and regulations affect the financial reporting quality of listed companies. The factors around IFRS adoption were identified (mandatory, voluntary and convergence) and discussed in relation to the financial reporting quality. Evidence from previous studies conducted in line with this same issue shows that there is no conclusive evidence on how IFRS and regulations affect the financial reporting quality. Issues to be addressed in further studies include the importance of financial statements prepared under IFRS framework and the importance of compliance with accounting and auditing requirements.

【 授权许可】

CC BY-NC