International Differences in IFRS Policy Choice
BI Norwegian Business School
Christopher William Nobes
University of London - Royal Holloway College
September 2, 2009
Accounting and Business Research, Forthcoming 2010
Building on literature that suggests motives and opportunities for national versions of IFRS practice, we examine whether there are systematic differences in IFRS accounting policies between countries. Using information from the annual reports of companies in the blue chip indices of the largest five stock markets that use IFRS, we reject a null hypothesis that IFRS practice is the same across countries. For 16 accounting policy issues, we find instead significant evidence that pre-IFRS national practice continues where this is allowed within IFRS. By this, we document the existence of national patterns of accounting within IFRS. We also point out some policy implications that arise from our findings.
Number of Pages in PDF File: 38
Keywords: accounting policies, IFRS, international differences
JEL Classification: M10
Date posted: September 4, 2009
© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo5 in 1.188 seconds