The impact of international financial reporting standards on Canadian accounting quality [Impacto de los estándares internacionales de información financiera en la calidad contable canadiense]
This paper examines whether the application of International Financial Reporting Standards (IFRS) is associated with higher accounting quality in Canada. By using a sample of domiciled and listed companies in the Canadian markets, the change in accounting quality is assessed under two measurement ex...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2017
- Institución:
- Universidad de Medellín
- Repositorio:
- Repositorio UDEM
- Idioma:
- spa
- OAI Identifier:
- oai:repository.udem.edu.co:11407/4549
- Acceso en línea:
- http://hdl.handle.net/11407/4549
- Palabra clave:
- Accounting conservatism; Accounting quality; Adoption IFRS; Value relevance
- Rights
- License
- http://purl.org/coar/access_right/c_16ec
| Summary: | This paper examines whether the application of International Financial Reporting Standards (IFRS) is associated with higher accounting quality in Canada. By using a sample of domiciled and listed companies in the Canadian markets, the change in accounting quality is assessed under two measurement expressions: the value relevance and the level of accounting conservatism. The findings suggest that the accounting information, generated under IFRS, is associated with greater usefulness by market agents; Additionality, the negative returns are incorporated with greater timely in the earnings, regarding to the positive returns. Both results are associated with higher accounting quality. © 2017. |
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