This assignment delves into the effects of mandatory International Financial Reporting Standards (IFRS) implementation on financial reporting quality. It requires students to critically analyze academic literature, such as studies by Palea (2018), Riccardi (2019), Shahzad et al. (2019), and Suryanto & Komalasari (2019), examining the influence of IFRS on aspects like earnings forecasts and corporate social responsibility reporting. Students are also expected to evaluate real-world examples, including Sainsbury's 2018 Annual Report, and the revised Conceptual Framework for Financial Reporting (2018).