The impact of International Financial Reporting Standards (IFRS) on financial statement quality

Thesis Abstract

This research study aims to examine the impact of International Financial Reporting Standards (IFRS) on financial statement quality. With the increasing globalization of business and the need for harmonized accounting standards, many countries have adopted or converged with IFRS. The objective of this study is to investigate whether the adoption of IFRS has led to improvements in financial statement quality by enhancing transparency, comparability, and reliability. The research will employ a mixed-methods approach, combining quantitative analysis of financial data and qualitative analysis of interviews with accounting professionals and regulators. The study will analyze a sample of companies from different countries that have adopted IFRS and compare their financial statements before and after the adoption. Additionally, interviews will be conducted to gather insights into the perceived impact of IFRS on financial reporting practices. The findings of this study will contribute to the existing literature on the effects of IFRS adoption and provide valuable insights for standard-setters, policymakers, and practitioners in assessing the benefits and challenges associated with the implementation of IFRS.