Early Observations on the Quality of IFRS Reports: Evidence from Turkey

Kaymaz, Önder; Zengin-Karaibrahimoglu, Yasemin

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Early Observations on the Quality of IFRS Reports: Evidence from Turkey

Global Journal of Business Research, Vol. 5, No. 3, pp. 27-40

14 Pages Posted: 29 Jun 2011 Last revised: 19 Dec 2016

See all articles by Önder Kaymaz

Önder Kaymaz

Izmir Ekonomi University

Yasemin Zengin-Karaibrahimoglu

University of Groningen

Date Written: 2011

Abstract

Integration of the world economies has mandated the global inception and recognition of IFRS not only for large companies but also for SMEs. We examine wide-ranging real-life IFRS practices experienced in the world while devoting a particular focus to Turkey. We show that although the countries seriously considering the practice of IFRS confronted some severe obstacles, the conduct of IFRS will return the businesses operating in those jurisdictions as significant cost savings.

Keywords: IFRS, Financial reporting, Convergence, Harmonization, SMEs

JEL Classification: M41, M48

Suggested Citation: Suggested Citation

Kaymaz, Önder and Zengin-Karaibrahimoglu, Yasemin, Early Observations on the Quality of IFRS Reports: Evidence from Turkey (2011). Global Journal of Business Research, Vol. 5, No. 3, pp. 27-40, Available at SSRN: https://ssrn.com/abstract=1874257