THE QUALITY OF FINANCIAL REPORTING IN THE CONTEXT OF ADOPTING IFRS

Roxana Florina Glavan
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Roxana Florina Glavan: Western University of Timișoara, Doctoral School of Economics and Business Administration, Timișoara, Romania

Revista Economica, 2019, vol. 71, issue 2, 65-76

Abstract: International Financial Reporting Standards are considered principle -based standards, because they offer general guidance concerning the acknowledgement, the evaluation and the presentation of various elements within the financial situation frame. The awaited benefits brought about the adoption of IFRS, concerning the comparability and the transparency of financial reporting, can be achieved only if the application of IFRS contributes to the improvement of the quality of the accounting information. Some specific traits could boost the improvement of the quality of the accounting information, just by their application and leaving outside the jurisdiction of other institutional factors, specific to each country.

Keywords: IFRS; IASB; financial reporting; accounting information (search for similar items in EconPapers)
JEL-codes: M40 M41 (search for similar items in EconPapers)
Date: 2019
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