Have Canada, Japan and Switzerland Adopted IFRS?

Australian Accounting Review, Forthcoming

18 Pages Posted: 29 Oct 2015

See all articles by Christopher William Nobes

Christopher William Nobes

University of London - Royal Holloway College

Stephen A. Zeff

Rice University - Jesse H. Jones Graduate School of Business

Date Written: October 24, 2015

Abstract

Although many countries have passed laws to require the use of ‘IFRS as issued by the IASB’ for certain types of financial reporting, that is not the typical approach to adoption of IFRS in major developed countries. This paper uses Australia and Pakistan as examples of minor and major adjustments to the content of IFRS. Then it uses Canada as an example of restricted scope of mandatory application of IFRS. This is compared to extensive voluntary adoption in Switzerland and increasing voluntary adoption in Japan. The paper asks what ‘adoption’ means in the context of Canada, Japan and Switzerland. Finally, the paper looks at how companies in many countries limit the potential value of international comparability by not affirming compliance with ‘IFRS as issued by the IASB’ even when they achieve it.

Keywords: IFRS, jurisdictions, adoption, Canada, Japan

JEL Classification: M41

Suggested Citation

Nobes, Christopher William and Zeff, Stephen A., Have Canada, Japan and Switzerland Adopted IFRS? (October 24, 2015). Australian Accounting Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2679361 or http://dx.doi.org/10.2139/ssrn.2679361

Christopher William Nobes

University of London - Royal Holloway College ( email )

School of Management
Royal Holloway
Egham, TW20 0EX
United Kingdom

Stephen A. Zeff (Contact Author)

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005
United States
713-348-6066 (Phone)
713-348-6296 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
270
Abstract Views
1,354
rank
111,400
PlumX Metrics