Quality of IFRS Reporting: Developed, Transitional, and Developing Economies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43925418" target="_blank" >RIV/62156489:43110/24:43925418 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1007/978-3-031-49105-4_19" target="_blank" >https://doi.org/10.1007/978-3-031-49105-4_19</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-031-49105-4_19" target="_blank" >10.1007/978-3-031-49105-4_19</a>
Alternative languages
Result language
angličtina
Original language name
Quality of IFRS Reporting: Developed, Transitional, and Developing Economies
Original language description
This study aims to assess how listed companies in developed, transition, and developing countries comply with selected mandatory disclosure requirements under International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS). Through methods for quantifying the quality of financial reporting as measured by the level of compliance with selected IAS/IFRS, particularly in the notes, the chapter aims to compare the quality of reporting in countries representative of these groups. To measure compliance with IAS/IFRS, the annual reports of non-financial companies traded on stock exchanges were examined. Cooke's (Account Bus Res 22:229-237, 1992) unweighted disclosure index (DI) was used. For the evaluation, selected standards used by all types of companies regardless of sector (IAS1, 2, 8, 10, 12, 16, 36, 37, 38, and 40) have been used. Compatibility assessments were also conducted within the selected industries. The main finding of our research was the relatively low difference in the quality of IAS/IFRS reporting between the countries studied. The average DI for Czech companies is 87.89%, 93.17%, and 83.52% for German and Ghanaian companies, respectively. The lowest DI levels are represented by IAS37 and IAS16, while the highest DI qualities are represented by IAS10 and IAS8. The findings from the survey conducted could serve existing and potential investors, as well as other users such as providers of loan capital, for their decision-making.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Applied Economic Research and Trends
ISBN
978-3-031-49104-7
ISSN
2198-7246
e-ISSN
2198-7254
Number of pages
15
Pages from-to
321-335
Publisher name
Springer Switzerland
Place of publication
Cham
Event location
Brno
Event date
Jun 29, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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