The impact of the adoption International Financial Reporting Standards (IFRS) on accounts and quality earnings New Zealand firms is examined. Our analysis IFRS adjustments for last period under pre‐IFRS NZ Generally Accepted Accounting Principles (GAAP) reveals that total assets, liabilities net profit were significantly higher than GAAP. Profit equity increased by goodwill other intangibles investment property, decreased employee benefits share‐based payments. Using data 2002–2009, we find...

Purpose Bangladesh is an emerging economy and international audit firms operate there through affiliated local firms. The market can be characterized as intensely competitive small with relatively poor demand for high‐audit quality. In addition, has a under developed but growing capital that by corporate regulation weak investor protection. purpose of this paper to examine the association between Big 4 auditors accruals quality in Bangladesh. Design/methodology/approach Following prior...

Purpose The purpose of this paper is to investigate the properties net income (NI) and total comprehensive (TCI) listed companies in New Zealand (NZ). Four TCI NI are examined: persistence, variability, predictive ability, value relevance. Whether relevance depends on its reporting location also investigated. Design/methodology/approach A cross‐sectional research design used with data reported by NZ 2010 under new disclosure requirement IAS 1. Ordinary least squares (OLS) regressions a...

This paper examines the development of positive accounting theory (PAT) and compares it with three standard accounts sciencePopper (1959), Kuhn (1996) Lakatos (1970). PAT has been one most influential research programs during last four decades. One important comparison to which Watts Zimmerman (1986) have appealed popularize legitimize their approach is that view same as in science. Thus, examine how far could studied mould science Such a will enhance our understanding progressed over...

ABSTRACT We examine how the International Accounting Standards Board (IASB) used Conceptual Framework for Financial Reporting (Framework) in developing new lease accounting standard Standard (IFRS) 16, Leases (IASB 2016b). report three major findings this paper. First, while IASB concepts to justify requirements, it also an outside-the-Framework notion a requirement. Second, accommodating constituents' demands, introduced rules IFRS 16 mitigate their concerns relating high implementation...

Purpose Concerns relating to the representational faithfulness and, consequently, relevance of fair value (FV) estimates are likely be heightened in wake market uncertainty caused by COVID pandemic. Therefore, this paper aims study supplementary disclosures intended improve FV examining their impacts on audit fees and investors’ valuation adjustments uncertain condition 2020. Design/methodology/approach The sample is comprising Australian real estate firms. authors develop both weighted...

This study examines the behaviour of earnings, accruals and impairment losses failed finance companies in New Zealand. It draws on conservatism development research hypotheses about accounting variables that are likely to contain clues future failures companies. The tested by examining trend earnings after tax (EAT), 32 from 2006 2011. Data were collected annual reports sampled first receivers finds EAT declined, increased significantly last two financial statements prior failure, when...

Purpose The setting of private finance companies that failed in New Zealand during 2006-2012 was characterized by weaker corporate governance and enforcement securities law. This paper aims to explore audit failure this examine whether auditors erred their audits the rate Big N different from non-Big auditors. Design/methodology/approach adopts archival research method uses three sets evidence assess – frequency going concern opinion (GCO) prior failure, misstatements last audited financial...

This study examines the impact of improvements in institutional oversight specifically for compliance with International Financial Reporting Standards on accrual quality Europe. The sample comprises 9339 firm‐year observations from a treatment three European countries that had either non‐existent or relatively weak systems at start period 2006–2010 but improved thereafter, and benchmark six other this period. After controlling legal system, rule law variables, we find incremental improvement...

The sciatic nerve in 52 hip arthroplasties was evaluated using intraoperative somatosensory evoked potentials (SSEPs). Twenty-nine of these cases involved the lateral transtrochanteric approach, and 23 posterior approach. A total 11 incidents SSEP changes occurred eight patients. Six episodes during retraction proximal femur, three anterior femur. Tracings returned to baseline with prompt cessation femoral each case. One change a revision following reduction prosthetic components, this...

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This paper discusses the opportunities and challenges of compliance to safe building codes in Bangladesh Nepal for increased disaster resilience. Recent disasters both countries highlight that non-compliance is one significant causes building-related disasters. Inc

This paper reviews five important works on normative accounting theory - MacNeal (1939), Paton and Littleton (1940), (1953), Chambers (1966), Ijiri (1975) with emphasis recognition measurement issues in accounting. It shows that there is a lack of agreement among these theorists basic assumptions hypothesized information needs the users. Even where an assumption, different implications have been drawn therefrom by concerned theorists. These differences lead to proposals. also many ideas...

We examine the association between goodwill impairment loss and test-related disclosures in Australia. Using an Australian sample of firm-years with during 2007-12, we find that understated have higher notes vice versa. This is consistent firms using as a way enhancing credibility number when it understated. However, no evidence stock market prices this loss-disclosures association.

Abstract This research note explores the incidence, amounts, disclosure and potential sources of bargain purchase gains reported by an Australian sample firms during 2013–15. It finds that 7.58% acquirers this period. The median gain as a percentage consideration transferred was 18.90%. In contravention IFRS 3 Business Combinations , not all with material disclosed in notes why arose. Finally, reports preliminary evidence suggesting uncertainty about gain.