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(PDF) IFRS Adoption and Accounting Quality

   

Added on  2021-02-19

16 Pages5411 Words48 Views
Impact of IFRS adoption andits reflection in accountingquality

EXECUTIVE SUMMARYThe researcher of the study has outlined the the impact of IFRS adoption withinorganisation and its effect on accounting quality. It helps in determining that the quality ofaccounting cannot be based on general principles. It will further, critically evaluate the particularresearch study and gain wider perspective on the subject matter. This study outlines the researchdesign and methodology in order to effectively combine various components of research in alogical and reasonable manner. Lastly, it also highlights, the ethical consideration of the humanresearch.

Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2TOPIC: “Impact of IFRS adoption and its reflection in accounting quality”..................................4INTRODUCTION...........................................................................................................................4Research Background..................................................................................................................4“To analyse the impact of IFRS adoption within organisation and its effect on accountingquality. A study on Deloitte Australia.”...........................................................................................4LITERATURE REVIEW................................................................................................................5Theme 1: The impact of IFRS adoptions on organisations..........................................................6Theme 2: Effects on the accounting quality due to adoption of IFRS within organisation.........7Theme 3: The challenges faced by companies while adoption of IFRS......................................9RESEARCH DESIGN AND METHODOLOGY.........................................................................10CONCLUSION..............................................................................................................................13REFERENCES................................................................................................................................1

TOPIC: “Impact of IFRS adoption and its reflection in accounting quality”.INTRODUCTIONResearch BackgroundThe main purpose of carrying out this research is to analyse the impact of InternationalFinancial Reporting Standards (IFRS) adoption within organisation and its effect on accountingquality. IFRS is used to develop effective understanding, public interest, high quality accountingand globally accepted IFRS based on clear articulated principles. This is a commonly used globallanguage used by business so that the accounts of the company are comparable andunderstandable across international boundaries. The key purpose of this research is to determinethe impact of adoption of IFRS within the organization and its effect on accounting quality. Thisstudy will also examine the problems faced by the company while adopting IFRS. It will alsohelp in finding effective recommendable strategies in order to improve adoption of IFRS. Deliotte company is a professional service network company. It was founded in the year1845 by William Welch Deliotte. It mainly provides services such as tax, audit, managementconsulting, legal and risk advisory. Aim“To analyse the impact of IFRS adoption within organisation and its effect on accountingquality. A study on Deloitte Australia.”Research ObjectivesTo investigate impact of IFRS adoption within organisation.To identify the effects of adoption of IFRS on accounting quality.To examine the challenges faced by the company while adopting IFRS. To recommend effective strategy to improve adoption of IFRS. Research QuestionsWhat is the impact of IFRS adoption within organisation?What are the effects of adoption of IFRS on accounting quality?What are the challenges faced by the company while adopting IFRS?What are effective recommendable strategy to improve adoption of IFRS?RationaleThe key purpose of carrying out this study is because it is a current issue. The mainreason of carrying out this research is that it helps in resolving various problem related with

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