International Financial Reporting Standards (IFRS) and Income Smoothing Activities of Banks: Evidence from Australia and New Zealand Commercial Banks

2010 ◽  
Author(s):  
Azira Abdul Adzis ◽  
David W.L. Tripe ◽  
Paul V. Dunmore
Keyword(s):  
New Zealand ◽  
Financial Reporting ◽  
Commercial Banks ◽  
Income Smoothing ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Reporting Standards

Empirical Study on the Effect of Adopting the International Financial Reporting Standards (IFRS) on the Quality of Earnings using Beneish Model in a Sample of Banks Listed in the Iraqi Stock Exchange

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Zahraa Nasser Ali ◽  
Hakeem Hammood Flayyih
Keyword(s):  
Financial Reporting ◽  
Commercial Banks ◽  
Stock Exchange ◽  
Financial Statements ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Global Capital ◽  
Financial Reporting Standards ◽  
The Impact

The need for international financial reporting standards (IFRS) emerged due to the increasing degree of interdependence between global capital markets and the need for investors to obtain reliable and honest financial information in expressing economic events, in order to find a common financial language, and this is what IFRS provide. Nevertheless, the research aimed to measure the impact of the adoption of IFRS on the quality of earnings in the Iraqi banks listed in the Iraqi Stock Exchange for a sample of 30 banks. The Beneish model was used to measure the quality of earnings, while Mann-Whitney was used to measure and prove the hypothesis of the research. However, the research reached a set of conclusions, including that although the IFRS should contribute to improving the quality of financial reporting, the adoption of these standards in commercial banks listed in the Iraq Stock Exchange did not contribute to achieving quality in earnings even after adopting those standards. Furthermore, a Beneish model is an important tool for auditors, financial analysts, investors, and creditors who have the ability to understand the financial statements or those who have a reasonable understanding of the nature of those financial statements in measuring the quality of earnings, because it is a simple and easy to implement tool.

Implementation of International Financial Reporting Standards: Its Practices, Challenges and Prospects: The Case of Commercial Banks in Ethiopia

2020 ◽  
Vol 16 (4) ◽  
pp. 259-271
Author(s):  
Derbew Kenubeh Dagnew
Keyword(s):  
Financial Reporting ◽  
Commercial Banks ◽  
Ease Of Use ◽  
International Financial Reporting Standards ◽  
Stepwise Multiple Regression ◽  
Research Approach ◽  
Successful Implementation ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Consulting Services

The aim of this study is to examine challenges, prospects and factors that affect the implementation of International Financial Reporting Standards at the commercial banks in Ethiopia. The study adopted a concurrent mixed research approach. Data were collected through questionnaire and interview. Descriptive and econometric analysis was used for the quantitative data, and data from interview were analysed through narration. Based on the descriptive analysis, all banks have practiced the International Financial Reporting Standards (IFRS) highly. Beside this, the lack of guidance and consulting services, high cost of training and consulting services, the complexity nature of most standards and the shortage of time set by the regulatory bodies are among the most important challenges. The international comparability, transparency and quality of the financial reporting system are among the prospects to implement IFRS. In addition, the result of stepwise multiple regression analysis also reveals that information technology system, attitude and perceived ease of use have highly contributed for the implementation of IFRS at commercial banks in Ethiopia. Based on the findings, the study recommends that the government, commercial banks and other concerned bodies in the country should care for the successful implementation of IFRS.

scholarly journals INTERNATIONAL FINANCIAL REPORTING STANDARDS AS A TOOL FOR REGULATORY SUPPORT OF OPERATIONS WITH THE LOAN PORTFOLIO OF UKRAINIAN BANKS

2021 ◽  
pp. 18-23
Author(s):  
Олександр Мордовцев ◽  
Максим Казанський
Keyword(s):  
Commercial Bank ◽  
Financial Reporting ◽  
Commercial Banks ◽  
Main Tool ◽  
Legal Regulation ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Efficient System ◽  
Financial Reporting Standards ◽  
Credit Portfolio

The article analyzes the problem of application of information-analytical and regulatory support of operations with the credit portfolio of the Bank, which is currently relevant and Central to successful lending, and therefore to ensure the return of loans and increase the profitability of credit operations. The necessity of forming an effective and efficient system of information-analytical and legal support of operations with the credit portfolio of commercial banks, the main tool of which is the international financial reporting standards, is revealed. It is determined that the requirements of the modern level of globalization are still ahead of the adoption of integration changes regarding the rules and principles of accounting and management accounting by commercial banks of Ukraine. A universal, effective and efficient system of legal regulation of operations with the credit portfolio of a commercial Bank is built on the basis of the study. It is proved that the regulation of operations with the credit portfolio of a commercial Bank can be schematically represented as a hierarchical scheme with 4 levels, where International accounting standards and International financial reporting standards represent the main first level. It was revealed that according to the international financial reporting standards, loans provided by banks belong to the category of financial assets, which are one of the types of financial instruments. The other three levels of the system of legal regulation of operations with the credit portfolio of a commercial Bank, which are derived from the first level, are analyzed. It is concluded that for a more effective organization of accounting it is necessary to harmonize the Ukrainian legislation in accordance with the requirements of International financial reporting standards, and therefore commercial banks with the help of such a system of analytical indicators will be able to constantly monitor changes in the economic system and respond in a timely manner by making appropriate adjustments in case of unsatisfactory developments

Pengaruh Konvergensi International Financial Reporting Standards (Ifrs) Terhadap Penghindaran Pajak(Tax Avoidance)

2018 ◽  
Vol 26 (2) ◽  
pp. 158-169
Author(s):  
Umi Wahidah ◽  
Sri Ayem
Keyword(s):  
Financial Reporting ◽  
Tax Evasion ◽  
Stock Exchange ◽  
Control Variable ◽  
Tax Avoidance ◽  
Sampling Technique ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Control Variables ◽  
Financial Reporting Standards

This research aimed to examine the effect of the convergence of International Financial Reporting Standards (IFRS) on tax avoidance on companies listed in Indonesia Stock Exchange. Tax avoidance that used in this research was Cash Efective Tax Rate (CETR). This research is also use the control variable to get other different influence that different such as CSR, size, and earning management (EM. This research used populations sector of transport service companies that listed in Indonesia Stock Exchange. The data of this research taken from secondary data that was from the Indonesia Stock Exchange in the form of Indonesian Capital Market Directory (ICMD) and the annual report of the company 2011-2015. The method of collecting sample was purposive sampling technique, the population that to be sampling in this research was populations that has the criteria of a particular sample. Companies that has the criteria of the research sample as many as 78 companies. The method of analysis used in this research is multiple regression analysis. Based on regression testing shows that the convergence of International Financial Reporting Standards (IFRS) has a positiveand significant impact on tax evasion. This shows that IFRS convergence actually improves tax evasion practices. The control variables of firm size and earnings management also significantly influence the application of IFRS in improving tax avoidance practices, while CSR control variables have no role in convergence IFRS in improving tax evasion practice.

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