The impact of IFRS 10 on consolidated financial reporting

Anna Bedford, Martin Bugeja and Nelson Ma

Accounting and Finance, 2022, vol. 62, issue 1, 101-141

Abstract: This study examines the impact of IFRS 10 adoption on consolidated financial reports. Our evidence suggests that the new standard is associated with firms consolidating fewer subsidiaries and consolidating fewer subsidiaries with non‐majority ownership. The results also indicate that the effects of IFRS 10 adoption are associated with financial reporting incentives. Finally, our results suggest that post‐IFRS 10, the value relevance of equity increased and the value relevance of profit decreased for firms reporting fewer subsidiaries. The findings are of particular interest to accounting standard setters who are currently undertaking their post‐implementation review of the impact of IFRS 10 adoption.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bla:acctfi:v:62:y:2022:i:1:p:101-141

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