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IFRS and accounting quality: Additional evidence from Korea

Kimberly G. Key and Jeong Youn Kim

Journal of International Accounting, Auditing and Taxation, 2020, vol. 39, issue C

Abstract: This study investigates accounting quality in South Korea after the country transitioned in 2011 from domestic accounting standards to International Financial Reporting Standards (IFRS). Several variables of earnings management and timely loss recognition proxy for accounting quality. Reports of Korea’s IFRS adoption process indicate strong commitment to successful and transparent implementation, and we predict and find increased accounting quality after IFRS adoption. The results confirm and extend initial research showing that IFRS has had positive effects on Korea’s capital markets and its accounting environment.

Keywords: IFRS; Accounting quality; Korea (search for similar items in EconPapers)
JEL-codes: F60 M41 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jiaata:v:39:y:2020:i:c:s1061951820300070

DOI: 10.1016/j.intaccaudtax.2020.100306

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