Countries adopting International Financial Reporting Standards (IFRS) need to educate and train their professional accountants so that they are able interpret apply IFRS in a consistent manner. This study examines the effect of national culture education on judgments Australian (Anglo-Celtic) Chinese final year undergraduate accounting students Australia. It seeks understand whether influences student interpretation application uncertainty expressions, which used as recognition disclosure...

The discipline of accounting and auditing has increasingly recognized judgment decision making (JDM) as highly important attributes in the profession because individuals such managers, auditors, financial analysts, accountants, standard setters make pivotal judgments decisions. Many studies undertaken this domain research also substantiate significance JDM auditing. This study evaluates all papers published 10 journals among leading ones from 1980 to 2010 that fall within research....

In this experimental study, we examine whether corporate social responsibility (CSR) reports affect the investment decisions of non‐professional investors in China depending on they are assured, nature CSR disclosures (positive versus negative disclosures), and type assurance provider (professional accountants industry experts). The results indicate that increases investor willingness to invest credibility information partially mediates relationship between decisions. We also note effect is...

Abstract Fair value accounting (FVA) is threatening the convergence of practices around world. It has been regarded as one contributing factors recent financial crisis. Given that International Financial Reporting Standards (IFRS) have embraced FVA, this crisis raises concerns about their suitability for reporting across This study explores important implications global reporting, in particular seeking to identify whether trend towards impeded by inherent problems IFRS. Contrary our...

ABSTRACT We examine the influence of national culture on judgments Australian and Chinese tertiary accounting students when they are interpreting selected International Financial Reporting Standards (IFRSs) that contain uncertainty expressions. To extend prior cross-cultural research, we also whether cultural values individuals can change because acculturation education, measure their potential impact judgment. The results provide strong support for notion more conservative than in assigning...

Abstract The International Auditing and Assurance Standards Board (IAASB) recently finalised several significant controversial reforms of the audit reporting model. are in response to long‐standing criticisms about form content existing report. This study critically examines current report their implications. In particular, we investigate perceptions prominent stakeholders respect these then evaluate implications on informational value report, quality costs. findings suggest that changes...

Diverse complications and controversial issues in the adoption of International Financial Reporting Standards (IFRS) for Small Medium‐sized Enterprises (SMEs) have been reported by many jurisdictions, prompting them not to adopt this set standards. Conversely jurisdictions adopted or are process adopting IFRS SMEs. This study considers impetus successfully achieving accounting convergence with SMEs those jurisdictions. The possible transition that may arise when countries also highlighted....

Recent audit reforms prescribe an all‐inclusive approach to materiality decisions including both qualitative and quantitative information. We examine the effect of gender, experience, rule observance attitudes critical thinking disposition auditors on their judgements. Our results support hypothesis that female utilise more information in assessing judgements compared with male counterparts. findings also demonstrate low attitudes, high increased experience are likely provide a accurate...

This study examines whether culture affects interpretation and application of International Accounting Standards (IAS) Financial Reporting (IFRS). Specifically, it investigates the influence on propensity to frame execute judgments by professional accountants from two different ethnic groups in Fiji (Fijians Indo-Fijians) while applying selected IAS/IFRS. No significant differences make or nature formulated were detected. The results suggest that one more sources serve override cultural...

Abstract We conduct an experiment that investigates confirmation bias in the reporting judgments of accountants when applying International Financial Reporting Standards ( IFRS ) for small and medium‐sized enterprises SME s). The results indicate accountants’ are biased towards recognition measurement principles full s. also suggest can be mitigated by increasing awareness justification requirements using appropriate decision aids. These likely to interest 70‐plus countries have adopted...

On 31 March 2004, the International Accounting Standards Board (IASB) established ‘stable platform’ of new and revised standards applicable from 1 January 2005. We review major changes made by IASB to its stable platform illustrate how politics lobbying influence standard‐setting process. Furthermore, Australian experience since Financial Reporting (IFRS) adoption is used impact extent these other within local environment. Continuous IFRS undoubtedly complicate convergence process,...

ABSTRACT We examine whether obedience and conformity pressures generated by superiors (partners) colleagues within audit firms cause dysfunctional behavior in Japan. also investigate high levels of professional organizational commitment the personal attributes auditors mitigate these pressures. The results indicate that pressure can impair judgments auditors, whereas does not have a significant influence. application three-dimensional model five-dimensional scale individual personalities...

Purpose The purpose of this study is to identify the professional skills and competencies accountants that support a successful implementation International Financial Reporting Standards (IFRS). authors further investigate extent which have developed these through training. Design/methodology/approach In survey, Indonesian were provided with list 47 skill items under nine categories asked rate importance each item indicate level priority given development in training they undertaken. Their...

ABSTRACT We conduct an experiment to examine important issue—the interactive effects of experience and accountability on the use information judgments professional accountants. The results provide evidence that both individually interactively affect accountants' judgments. findings also show effect judgment is greater for less experienced accountants than Specifically, our analysis shows are driven by accounting significantly improved in when they held accountable, while no significant...

Purpose The International Accounting Standards Board (IASB) has justified the simplification of Financial Reporting (IFRS) for small- and medium-sized enterprises (SMEs) in several ways, but no effective justification this been made based on information needs users. This study aims to provide empirical evidence decision usefulness IFRS SMEs from a prominent user group SME financial statements – banks. Design/methodology/approach uses mixed-method approach. First, survey was conducted...