The Library
The challenges faced by reporting entities on their transition to international financial reporting standards : a qualitative study
Tools
Tools
Tools
Weaver, Lisa and Woods, Margaret (2015) The challenges faced by reporting entities on their transition to international financial reporting standards : a qualitative study. Accounting in Europe, 12 (2). pp. 197-221. doi:10.1080/17449480.2015.1103376 ISSN 1744-9480.
|
PDF
WRAP-Challenges-faced-reporting-entities-their-transition-IFRS-2015.pdf - Accepted Version - Requires a PDF viewer. Download (721Kb) | Preview |
Official URL: https://doi.org/10.1080/17449480.2015.1103376
Abstract
This study explores the challenges of implementing International Financial Reporting Standards (IFRS) at the organisational level. Based on interviews with experts with aggregated experience relating to the transition projects of over 170 reporting entities, this paper highlights the main challenges in delivering a successful implementation of IFRS. The findings show that the problems faced in implementation include lack of education and training, securing executive-level support, identifying and responding to the wider business-related implications of the transition, and issues with capturing the necessary information for reporting under IFRS.This paper complements the existing literature and offers a qualitative alternative to considering the transition to IFRS, offering insight into the organisational context of IFRS implementation. These insights are useful not only from a historic perspective, but also for organisations and regulators in the many jurisdictions where IFRS is permitted but not required, where more reporting entities will voluntarily move to IFRS-based reporting in the future. More broadly, they are also applicable to the challenges faced in implementing new and significantly revised IFRSs.
| Item Type: | Journal Article | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting | ||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Accounting Faculty of Social Sciences > Warwick Business School |
||||||||
| Library of Congress Subject Headings (LCSH): | International financial reporting standards, Financial statements -- Standards, Corporations -- Accounting | ||||||||
| Journal or Publication Title: | Accounting in Europe | ||||||||
| Publisher: | Routledge | ||||||||
| ISSN: | 1744-9480 | ||||||||
| Official Date: | 27 October 2015 | ||||||||
| Dates: |
|
||||||||
| Volume: | 12 | ||||||||
| Number: | 2 | ||||||||
| Page Range: | pp. 197-221 | ||||||||
| DOI: | 10.1080/17449480.2015.1103376 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | This is an Accepted Manuscript of an article published by Taylor & Francis in Accounting in Europe on 27/10/2015, available online: http://www.tandfonline.com/10.1080/17449480.2015.1103376 | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 15 September 2022 | ||||||||
| Date of first compliant Open Access: | 15 September 2022 |
Request changes or add full text files to a record
Repository staff actions (login required)
 |
View Item |
Downloads
Downloads per month over past year
