References (88)


Citations (39)



IFRS Adoption and Accounting Quality: A Review

Naomi S. Soderstrom

University of Melbourne

Kevin Jialin Sun

St. John's University

European Accounting Review, Forthcoming

In 2002, the European Union (EU) Parliament passed a regulation that requires consolidated and simple accounts for all companies listed in the EU to use International Financial Reporting Standards (IFRS) for fiscal years starting after January 1, 2005. This change in accounting systems will have a large impact on the information environment for EU companies. This paper provides a review of the literature on adoption of different GAAPs. We thus provide background and guidance for researchers studying the change in accounting quality following widespread IFRS adoption in the EU. We argue that cross-country differences in accounting quality are likely to remain following IFRS adoption because accounting quality is a function of the firm's overall institutional setting, including the legal and political system of the country in which the firm resides.

Number of Pages in PDF File: 45

Keywords: IFRS, Accounting Quality, Institutional Effects

JEL Classification: M41, M44, M47, G38

Open PDF in Browser Download This Paper

Date posted: August 26, 2007  

Suggested Citation

Soderstrom, Naomi S. and Sun, Kevin Jialin, IFRS Adoption and Accounting Quality: A Review. European Accounting Review, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1008416

Contact Information

Naomi S. Soderstrom
University of Melbourne ( email )
Melbourne, 3010
Kevin Jialin Sun (Contact Author)
St. John's University ( email )
8000 Utopia Parkway
Queens, NY 11439
United States
Feedback to SSRN

Paper statistics
Abstract Views: 30,274
Downloads: 9,695
Download Rank: 251
References:  88
Citations:  39

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.625 seconds