Enforcement of IFRS by regulatory oversight bodies: modelisation and empirical test

Contrôle externe de la conformité aux IFRS par les autorités de surveillance: modélisation et test empirique

Phu Dao-Le Flécher ()
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Phu Dao-Le Flécher: UEVE - Université d'Évry-Val-d'Essonne, LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - EESC-GEM Grenoble Ecole de Management - UEVE - Université d'Évry-Val-d'Essonne - TEM - Télécom Ecole de Management

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Abstract: The objective of this study is to elaborate a technical model of enforcement of IFRS to be used by the regulators. The methodology adopted is qualitative, based on an empirical observation of the financial information oversight system of the AMF in France. Our model has been developed following the risk-based approach which consists of assessing the risk of non-compliance with IFRS, in order to focus the review on areas which are more likely to contain a risk of non-compliance. The model was then tested in issuers' reference documents by the controllers of the AMF. The results indicate that if some factors had been proved difficult to be assessed at the regulatory oversight level, the model constitute a relevant methodological tool which helps to identify important areas of non-compliance with IFRS. In addition, the use of the model helps to make the controllers sensitive to risk analysis.

Keywords: IFRS; Compliance; Control; Regulator; Risk; Conformité; Risque; Contrôle; Régulateur (search for similar items in EconPapers)
Date: 2015-05-19
Note: View the original document on HAL open archive server: https://hal.science/hal-01188567v1
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Published in Comptabilité, Contrôle et Audit des invisibles, de l'informel et de l'imprévisible, May 2015, Toulouse, France. pp.cd-rom

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01188567

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