Quality of IFRS Reporting: Developed, Transitional, and Developing Economies

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Quality of IFRS Reporting: Developed, Transitional, and Developing Economies

Popis výsledku v původním jazyce

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&apos;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.

Název v anglickém jazyce

Quality of IFRS Reporting: Developed, Transitional, and Developing Economies

Popis výsledku anglicky

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&apos;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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Applied Economic Research and Trends

ISBN

978-3-031-49104-7

ISSN

2198-7246

e-ISSN

2198-7254

Počet stran výsledku

15

Strana od-do

321-335

Název nakladatele

Springer Switzerland

Místo vydání

Cham

Místo konání akce

Brno

Datum konání akce

29. 6. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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