The main objective of this paper is to investigate the quantitative impact of International Financial Reporting Standards (IFRS) on accounting components. IFRS 1 requires IFRS adopter firms to prepare comparative information under IFRS and under local GAAP, which is termed as IFRS-Local GAAP...

The main objective of International Financial Reporting Standards (IFRS) is to promote a single set of accounting standards which can be applied globally. IFRS 1 requires IFRS adopter firms' to prepare at least one year of comparative information under IFRS and under local GAAP, which is termed...