Exploring the decision to adopt International Financial Reporting Standards early: The case of International Financial Reporting Standards 13

Journal of Economic and Financial Sciences

 
 
Field Value
 
Title Exploring the decision to adopt International Financial Reporting Standards early: The case of International Financial Reporting Standards 13
 
Creator Swait, Nakita Patel, Adnan Maroun, Warren
 
Subject corporate reporting; early adoption; IFRS 13; South Africa; voluntary adoption
Description Using an exploratory interpretive research approach and International Financial Reporting Standards (IFRS) 13 as a case study, this article investigates the factors that affect the decision to adopt a specific IFRS early. The research findings are significant as very little interpretive research has been performed on financial reporting from a South African perspective. The findings reveal that the majority of the interviewees did not elect to adopt IFRS 13 early. Technical constraints – such as the need to provide additional accounting disclosure – discouraged the early adoption of the standard. Factors such as the effect of adoption on earnings, decisions made by competitors and the relevance of the standard to business operations were also considered as part of this decision. Perhaps most significant is the logic of resistance to new standards evidenced by a general dismissal of the view that IFRS 13 provides more useful information to users of financial statements.
 
Publisher AOSIS
 
Contributor —
Date 2018-04-25
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion —
Format text/html application/epub+zip application/xml application/pdf
Identifier 10.4102/jef.v11i1.171
 
Source Journal of Economic and Financial Sciences; Vol 11, No 1 (2018); 12 pages 2312-2803 1995-7076
 
Language eng
 
Relation
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https://jefjournal.org.za/index.php/jef/article/view/171/259 https://jefjournal.org.za/index.php/jef/article/view/171/258 https://jefjournal.org.za/index.php/jef/article/view/171/260 https://jefjournal.org.za/index.php/jef/article/view/171/254 https://jefjournal.org.za/index.php/jef/article/downloadSuppFile/171/17
 
Rights Copyright (c) 2018 Nakita Swait, Adnan I. Patel, Warren Maroun https://creativecommons.org/licenses/by/4.0
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