... of one significant part of the IASB, the International Financial Reporting Interpretations Committee (IFRIC). IASB/IFRIC constituents are classified in two ...
Tópico(s): Accounting Education and Careers
2007 - Routledge | Accounting in Europe
Jonathan Adegoke Adetoso, Kayode Samson Oladejo,
... Standards (IFRSs); Standing Interpretations Committee (SICs) pronouncements, and International Financial Reporting Interpretation Committee (IFRICs) guidelines. Thus, Accounting Framework has been shaped ... Board (IAS), Standing Interpretations Committee (SICs) pronouncements, and International Financial Reporting Interpretation Committees (IFRICs)
Tópico(s): Accounting Theory and
2013 - IISTE | Research Journal of Finance and Accounting
Sara York Kenny, Robert K. Larson,
... official interpretations of IFRS. This article introduces the International Financial Reporting Interpretations Committee (IFRIC) and discusses its organization, process and role ...
Tópico(s): Auditing, Earnings Management, Governance
2009 - American Institute of Certified Public Accountants | Journal of accountancy online/Journal of accountancy
Sandra Chapple, Lee Moerman, Kathy Rudkin,
... together with an exposition of the effect of International Financial Reporting Interpretations Committee (IFRIC) 13 on an early adopter, Qantas airlines. Findings Despite limited support for the consensus view advocated in D20, the International Accounting Standards Board (IASB) has upheld the deferred revenue approach consistent with the anticipated outcome of the IASB and Financial Accounting Standards Board revenue recognition project. Research limitations/ ...
Tópico(s): Corporate Finance and Governance
2010 - Emerald Publishing Limited | Accounting Research Journal
Luís Viana, Joaquim Miranda Sarmento, José António C. Moreira, Paulo Alves,
... reports of the operators since the adoption of International Financial Reporting Interpretations Committee (IFRIC) 12 from 2010 up until 2017. Our results show a lack of transparency in the reporting of PPPs in public accounts, as well as a material difference between our simulation of the impact of (International Public Sector Accounting Standards) IPSAS 32 in public ...
Tópico(s): Fiscal Policy and Economic Growth
2020 - Wiley | Financial Accountability and Management
Abstract This article provides an anatomy of an International Financial Reporting Interpretation Committee (IFRIC) Interpretation. That is, it describes the IFRIC' ...
Tópico(s): Accounting Theory and
2007 - Routledge | Accounting in Europe
Robert K. Larson, Paul J. Herz,
... 24 Draft Interpretations issued by the IASB’s International Financial Reporting Interpretations Committee (IFRIC), just 17 academics and academic organizations (4. ...
Tópico(s): Accounting Education and Careers
2011 - Elsevier BV | Research in Accounting Regulation
... product has led to the directive IFRIC 3 (International Financial Reporting Interpretations Committee) that is not followed by everyone: 'it remains ...
Tópico(s): Sustainability and Climate Change Governance
2012 - Taylor & Francis | Environmental Politics
... ewct 2xisting standards, which was finalised by the International Financial Reporting Standards Interpretation Committee (IFRS IC) despite criticism from constituents and Board ...
Tópico(s): Blockchain Technology Applications and Security
2021 - Emerald Publishing Limited | Accounting Auditing & Accountability Journal
Yan Huqin, Kejia Yan, Rakesh Gupta,
... different to the tentative agenda decision of the International Financial Reporting Standards Interpretations Committee (IFRSIC). Additionally, 65% of respondents stated that they ...
Tópico(s): FinTech, Crowdfunding, Digital Finance
2022 - Multidisciplinary Digital Publishing Institute | Journal of risk and financial management
... is currently provided in IFRS and by the International Financial Reporting Standards Interpretations Committee.
Tópico(s): Experimental Behavioral Economics Studies
2014 - Elsevier BV | The International Journal of Accounting
Thomas Schneider, Giovanna Michelon, Michael S. Maier,
... reporting of environmental liabilities. When Canada changed to International Financial Reporting Standards (IFRS) in 2011, Canadian regulators asked the IFRS Interpretations Committee to interpret whether the discount rate to value environmental liabilities should be a risk-free discount rate. Old Canadian GAAP, and current US GAAP, allow for a higher discount rate, resulting in commensurately lower liabilities. International regulators refused to address this issue expecting no ...
Tópico(s):
2017 - Emerald Publishing Limited | Accounting Auditing & Accountability Journal
Nadežda Glubokova, Tatiana Morozova, Ravil Akhmadeev, Olga Bykanova, Natalia Philippova, Liubov Lehoux,
... take into account the current interpretations of the Committee on Interpretations of International Financial Reporting Standards. At the same time, some practical issues ...
Tópico(s): Economic and Technological Systems Analysis
2021 - University of Tehran Press | Webology
... the international interpretation committee concerning the financial reports (International Financial reporting Interpretations Committee: IFRIC) - a normalization consultative council (International Accounting Standards Advisory Council: IASAC)
Tópico(s): Accounting Theory and
2011 - Ovidius University Press | Ovidius University Annals Economic Sciences Series
... operators are covered by IFRIC 12 of the Interpretations committee for the International Financial Reporting Standards on “Service Concession Arrangements”. DOI: 10.5901/ ...
Tópico(s): Public-Private Partnership Projects
2015 - Mediterranean Center of Social and Educational Research | Mediterranean Journal of Social Sciences
... currently being provided in IFRS and by the International Financial Reporting Interpretations Committee (IFRIC). Additionally, the results of this study are ...
Tópico(s):
2012 - RELX Group (Netherlands) | SSRN Electronic Journal
... are investigated (the Standards Advisory Council, SAC; the International Financial Reporting Interpretations Committee, IFRIC; and the trustees) depends greatly on the ...
Tópico(s): Public Policy and Administration Research
2013 - American Accounting Association | The Accounting Review
Jill Collis, Robin Jarvis, Len Skerratt,
... one of the founding members of the original International Accounting Standards Committee and a strong proponent of little GAAP. Indeed, the UK’s former Financial Reporting Standard for Smaller Entities provided a model for the IFRS for SMEs. In the past, there were few references to IFRS by the UK’s enforcement and interpretation bodies. Today, guidance is taken from IFRS Interpretations ...
Tópico(s): Corporate Taxation and Avoidance
2017 - Routledge | Accounting in Europe
... accounting systems has significant economic consequences for the interpretation of financial reporting on an international level (e.g., Choi et al., 1983; Choi and Levich, 1991; Lainez and Callao, 2000; Bushman and Smith, 2001). As a result, international accounting and securities organizations initiated a process to promote the harmonization of accounting standards as a means to improve financial transparency and comparability. Efforts by the International Accounting Standards Committee (IASC, predecessor of the IASB), the International Organization ...
Tópico(s):
2012 - Premier Publishing | International Journal of Business
The International Financial Reporting Standards (IFRS) have been widely adopted well beyond English-speaking jurisdictions. Using the Finnish translation of the IFRS as a primary object of investigation, this article analyses the way in which the standards are translated into another language. Drawing on interviews with translators and translation review committee members and on an analysis of archival materials, it provides an empirically grounded understanding of practical problems of linguistic ...
Tópico(s): Legal Language and
2016 - Elsevier BV | Accounting Organizations and Society
... using ambiguous definitions. In particular, reports based on International Classification of Diseases–Clinical Modification codes require subjective decisions in the interpretation of codes created by committees and applied by coders with limited knowledge of ICD complications.7,8 Some complications could be systematically underreported owing to perceived threats to personal or institutional reputation, because of financial or legal ramifications, or because they are difficult to identify or characterize. Reporting of particular complications also could be enhanced by ...
Tópico(s): Cardiovascular Function and Risk Factors
2009 - Lippincott Williams & Wilkins | Circulation
... s tenure, the SEC staff said the global financial reporting community considers the standards produced by the International Accounting Standards Board (IASB) to be of high quality despite areas that need further development. But the report questioned the funding of the IASB and the timeliness of responses to widespread accounting issues by the IFRS Interpretations Committee. It said adoption would be costly for public ...
Tópico(s): Risk Management in
2012 - American Institute of Certified Public Accountants | Journal of accountancy online/Journal of accountancy
... foreign direct investments. The revised Conceptual Framework for Financial Reporting (Conceptual Framework) issued in March 2018 is effective immediately for the International Accounting Standards Board (Board) and the IFRS Interpretations Committee. For companies that use the Conceptual Framework to ...
Tópico(s): Banking, Crisis Management, COVID-19 Impact
2020 - IISTE | Research Journal of Finance and Accounting
... International Accounting Standards , more commonly known as International Financial Reporting Standards ( IFRS) since 2008 , with the enactment of Law No. 11,638 , of December 28, 2007. The main change introduced by convergence with international standards refers to changes in Brazilian accounting practices, which it becomes much more based on interpretation of the pronouncements of the Accounting Pronouncements Committee (CPC) than the application of national rules , as ...
Tópico(s): Business and Management Studies
2014 - CENTRO UNIVERSITÁRIO DE BRASÍLIA | Revista de Direito Internacional
... standards not only improve the transparency of financial reporting but also facilitates financial accountability.IFRS Standards are set by the International Accounting Standards Board (Board) and are used primarily by publicly accountable companies—those listed on a stock exchange and by financial institutions, such as banks. Authoritative interpretations of the Standards, which provide further guidance on how to apply them, are developed by the IFRS Interpretations Committee and called IFRIC Interpretations.The International Accounting Standards ( ...
Tópico(s):
2021 - IISTE | Research Journal of Finance and Accounting
... Discussion paper for consideration by the SEC advisory committee on improvements to financial reporting (release no. 33-8836; file no. 265-24). ...
Tópico(s):
2011 - Wiley | Contemporary Accounting Research
Glen L. Gray, Nicole V. S. Ratzinger,
This study includes the most diverse stakeholder population integrated into one research study regarding perceptions of financial statement audits conducted by Big 4 accounting firms. Whereas prior studies almost exclusively used either archival data or experiments to implicitly derive the stakeholders’ perceptions, this study employed focus groups with financial statement (1) preparers; (2) users consisting of bankers, financial analysts and non-professional investors; and (3) auditors to explicitly ...
Tópico(s): Accounting Theory and
2010 - Palgrave Macmillan | International Journal of Disclosure and Governance
The International Accounting Standards Committee (IASC), and its successor, the International Accounting Standards Board (IASB), greatly desires acceptance and legitimacy as an institution. Organizational legitimacy is the acceptance of an organization by its environment and it is often viewed as vital for an organization's survival and success. In complex structures, an institution's legitimacy should be judged by examining both the organization as a whole and its subunits. Since the U.S. Securities ...
Tópico(s): Accounting Theory and
2002 - Elsevier BV | Advances in International Accounting
Grant Samkin, Annika Schneider,
... the concepts of control may result in different interpretations being taken by the accounting standard users when determining what reporting entities to include in consolidated financial statements. Some additional uses for artificial neural network ...
Tópico(s): Accounting and Organizational Management
2008 - Emerald Publishing Limited | Qualitative Research in Accounting & Management
Martin Glaum, Jörg Baetge, Alexander Grothe, Tatjana Oberdörster,
... International Accounting Standards Board (IASB) are called International Financial Reporting Standards (IFRS). Standards issued until 2000 by the IASB's predecessor, the International Accounting Standards Committee, are called International Accounting Standards (IAS). In this ... 5.5 to the issue of the economic interpretation and the economic magnitudes of the main coefficients of our model. Apart from auditors, until 2005 there were no institutions in Germany – such as the Securities and Exchange Commission in the USA or the Financial Reporting Review Panel in the UK – responsible for ensuring ...
Tópico(s): Accounting Theory and
2011 - Routledge | European Accounting Review