14 research outputs found
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IFRS for SMEs: the IASB’S due process
This study explores the role of the International Accounting Standards Board’s (IASB) due process in developing its International Financial Reporting Standards for Small and Medium-sized Entities (IFRS or SMEs)standard. There were tensions between the IASB’s desire to minimise divergence from full IFRS and preserve
recognition and measurement principles, and the primary reasons for undertaking the project – to meet the needs
of users of financial statements of SMEs and to reduce the financial reporting burden on SMEs. Examination
of events during the development of the project reveals much that was not apparent from material in the public
domain. Most significantly, the IASB recognised that the final title of the standard, IFRS for SMEs, does not
necessarily describe the scope of the standard. This paper also shows that the due process followed in the case of the IFRS for SMEs project barely reflected the ‘will of people’ but was more inclined towards acting as a communicative function for the IASB without any commitment to change its stance on the SME standard
Do Disclosures of Customer Metrics Lower Investors’ and Analysts’ Uncertainty but Hurt Firm Performance?
The unstable core of global finance: Contingent valuation and governance of international accounting standards
Are Stewardship and Valuation Usefulness Compatible or Alternative Objectives of Financial Accounting?
On the IASB comprehensive income project: an analysis of the case for dual income display
Accounting for sustainable finance: Does fair value measurement fit for long-term equity investments?
Accounting, auditing and corporate governance of European listed countries: EU policy developments before and after Enron
This article provides an overview of EU policy developments in accounting, auditing and corporate governance before and after the collapse of Enron. For EU policy-makers the article identifies areas for both encouragement and concern. It concludes that considerable progress has been made towards the harmonization of accounting, auditing and corporate governance within the context of the Financial Services Action Plan. However, it can be argued that, to achieve this, the EU has given too much ground to US hegemony, whether by embracing US practice masquerading as international 'best practice', or being forced to accept US practice where the US chooses to act unilaterally. Copyright Blackwell Publishing Ltd 2004.