A review of empirical evidence from many countries reveals that economic consequences of IFRS adoption significantly differ across jurisdictions, but the impact is reported to be positive in the majority of cases. Although there is some evidence to the contrary, overall the quality of earnings reported under IFRS is superior to that under other local standards, according to the paper, which has references to 56 studies and analyses. The paper is “IFRS Adoption and Financial Reporting Quality: A Review of Evidence in Different Jurisdictions.”
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