This paper provides an overview of why, and how, academic research can assist regulators and standard setters in evaluating <italic>ex ante</italic> and <italic>ex post</italic> the effects of standardization and regulation of corporate financial reporting and disclosure. We argue that academic research is a valuable and often...

This paper brings together the comments made by the European Accounting Association's Financial Reporting Standards Committee to a discussion paper (DP) issued by European Financial Reporting Advisory Group/UK Accounting Standards Board (ASB). It analyses the content of the DP and then discusses...

The UK's Accounting Standards Board and the European Financial Reporting Advisory Group have published a discussion paper entitled ‘Considering the Effects of Accounting Standards’. While the effort to think through potential consequences of proposed regulatory acts in advance is welcome, we...

This paper examines how preparers perceive the association between costs and benefits of International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). Extant research on costs and benefits associated with IFRS for SMEs is inconclusive. Our results suggest that...

In order to restore confidence in financial statements the European Commission proposes different measures to enhance audit quality. This paper examines potential effects of selected proposals on audit quality in the light of prior research findings. It concludes that an increased emphasis on...

The global financial crisis has accelerated the need for standard-setters to demonstrate that they understand the effects of the accounting standards they are setting. Within a European context, the endorsement process and the ultimate adoption of new and amended International Financial...

In a previous issue of this journal, Richard Barker addressed some problems with the IFRS definitions of income and profit. I apply his conclusions to the definition of ‘revenue’ that he did not cover. I point out other difficulties with the definition: the implication that some sales to...

Management accounting practices of firms are determined by the scope and amount of information expected from them. Therefore, management accounting practices might differ among firms or countries. This study aims to determine the management accounting practices used by manufacturing firms in...