AASB Research Report No. 3: The impact of IFRS adoption in Australia: Evidence from academic research

This report was prepared for the Australian Accounting Standards Board (AASB) and includes a detailed literature review of research to have considered the impact of the Australian adoption of International Financial Reporting Standards (IFRS). The results highlight the impact of the change on the quality and comparability of Australian financial reporting and the benefits to investors and analysts. As acknowledged by the AASB and Financial Reporting Council (FRC), the results assist the AASB and the Financial Reporting Council (FRC) to better understand the impact of the decision to adopt IFRS. The results further inform the AASB on how they can most effectively continue to incorporate IFRS into the Australian Reporting Framework.