Abstract
Despite concerns about their quality, recent years have seen a rapid uptake of IFRS. This paper documents the results of a study which utilised a mail-survey and explored the perceived quality of IFRS amongst CFOs from large, ASX listed Australian firms. Respondents acknowledged that IFRS adoption had meant that firms now have tighter guidance on some issues that had previously not been adequately addressed in the past by AASB standards. Despite this, there was strong support for the position that IFRS adoption had reduced the quality of financial reporting in Australia and numerous faults with IFRS were identified. Standards singled out for specific criticism, due to their perceived complexity and questionable treatments, included those in relation to financial instruments, share-based payments, impairment and intangible assets.
Original language | English |
---|---|
Title of host publication | 9th Proceedings |
Subtitle of host publication | Research for Progress |
Editors | Zia Haqq |
Place of Publication | Melbourne, VIC |
Publisher | World Business Institute |
Pages | 1-19 |
Number of pages | 19 |
ISBN (Electronic) | 9780980455703 |
Publication status | Published - 2008 |
Event | International Business Research Conference - Melbourne, VIC, Australia Duration: 24 Nov 2008 → 26 Nov 2008 |
Conference
Conference | International Business Research Conference |
---|---|
Country/Territory | Australia |
Period | 24/11/08 → 26/11/08 |