European Business Schools Librarian's Group
Accounting Research Center Working Papers,
University of Aarhus, Aarhus School of Business, Department of Business Studies
No A-2009-01: A Study of the Adoption and Implementation of International Financial Reporting Standards in the Two EU Countries of Denmark and Ireland and New Zealand, a Non EU Country
Claus Holm (), Finn Schøler, Henrik Lønne and Michael Maingot ()
Additional contact information
Claus Holm: Department of Business Studies, Aarhus School of Business, Postal: The Aarhus School of Business, Fuglesangs Allé 4, 8210 Aarhus V, Denmark
Finn Schøler: Department of Business Studies, Aarhus School of Business, Postal: The Aarhus School of Business, Fuglesangs Allé 4, 8210 Aarhus V, Denmark
Henrik Lønne: Department of Business Studies, Aarhus School of Business, Postal: The Aarhus School of Business, Fuglesangs Allé 4, 8210 Aarhus V, Denmark
Michael Maingot: Telfer School of Management, Postal: University of Ottawa, 55 Laurier East, Ottawa, Ontario, K1N 6N5, Canada
Abstract: The International Accounting Standards Board has as its mission the development of a singlet set of high quality standards to be applied consistently by companies globally. The purpose of this paper is to examine the implementation process to integrate IFRS in the smaller and developed countries of Denmark, Ireland and New Zealand. The paper examines the enablers for successful IFRS implementation, namely, Legislative changes, Accounting profession, Stock exchanges, Enforcement, Early adopters in 2004, and Adopters in 2005. An examination of the top 30 companies’ annual reports for the three countries was made to test for voluntary compliance of IFRS in 2004 and mandatory compliance in 2005. The results show that Denmark is the only country with early adopters in 2004. All 30 Danish companies complied in 2005, with 24 in Ireland, and 9 in New Zealand.
Keywords: No keywords
37 pages, September 1, 2009
Full text files
A-2009-01
- University of Aarhus, Aarhus School of Business, Department of Business Studies
- Home page for this series
Questions (including download problems) about the papers in this series should be directed to Helle Vinbaek Stenholt ()
Report other problems with accessing this service to Sune Karlsson ().
RePEc:hhb:aarbac:2009-01This page generated on 2024-09-13 22:19:06.