Abstract

http://ssrn.com/abstract=905218
 
 

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Does Ifrs Improve the Usefulness of Accounting Information in a Code-Law Country?


Anna-Maija Lantto


University of Oulu - Department of Accounting and Finance

March 12, 2007


Abstract:     
This study investigates whether IFRS (International Financial Reporting Standards) improves the usefulness of accounting information in a chosen code-law country (i.e. Finland) that has a strong system of legal enforcement and high quality domestic accounting standards. Empirical analyses based on three surveys, run by financial analysts, managers and auditors, support the hypothesis that new information provided by IFRS is relevant. Even though the results show that managers and auditors deem information prepared under many IFRS/IAS-standards reliable, the results show that they are, overall, neutral towards the reliability of information prepared by using judgment under IFRS.

Number of Pages in PDF File: 37

Keywords: International Financial Reporting Standards, usefulness, relevance, reliability, survey

JEL Classification: M41, M44, M47, G18, G15

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Date posted: June 1, 2006  

Suggested Citation

Lantto, Anna-Maija, Does Ifrs Improve the Usefulness of Accounting Information in a Code-Law Country? (March 12, 2007). Available at SSRN: http://ssrn.com/abstract=905218 or http://dx.doi.org/10.2139/ssrn.905218

Contact Information

Anna-Maija Lantto (Contact Author)
University of Oulu - Department of Accounting and Finance ( email )
PO Box 4600
FIN-90014
Finland
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