Valuation in Public Sector Agencies: Impact on Financial Reporting Through the Implementation of International Financial Standards: Focus on Canadian Workers Compensation Boards

Journal of Financial Management and Analysis, Vol. 22, No. 1, January - June 2009

Posted: 9 Oct 2009

See all articles by Alex Faseruk

Alex Faseruk

Memorial University of Newfoundland (MNU) - Faculty of Business Administration

Daphne Rixon

Saint Mary's University

Date Written: September 30, 2009

Abstract

This study examines how the changes in International Financial Reporting Standards (IFRS) have affected the ability of Canadian Workers’ Compensation Boards to demonstrate accountability to its stakeholders through an examination of the impact of fair value accounting for financial instruments. This paper explores the public policy implications of these standards with respect to the ease of user understanding and comparability. It comments on how IFRS would have various impacts on the Basel II Accord. This study concludes that the adoption of IFRS by public sector enterprises would distort their financial positions and key performance indicators.

Keywords: IFRS, Fair value accounting, Key performance indicators

JEL Classification: F36, G15, G18

Suggested Citation

Faseruk, Alex and Rixon, Daphne, Valuation in Public Sector Agencies: Impact on Financial Reporting Through the Implementation of International Financial Standards: Focus on Canadian Workers Compensation Boards (September 30, 2009). Journal of Financial Management and Analysis, Vol. 22, No. 1, January - June 2009, Available at SSRN: https://ssrn.com/abstract=1484662

Alex Faseruk (Contact Author)

Memorial University of Newfoundland (MNU) - Faculty of Business Administration ( email )

St. John's, Newfoundland A1B 3X5
Canada

Daphne Rixon

Saint Mary's University ( email )

Sobey Building
923 Robie Street
Halifax, Nova Scotia B3H 3C3
Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,214
PlumX Metrics