I build a model of neoclassical production to examine the capital market and welfare effects of a uniform accounting standard (like IFRS). Firms vary in their cost of compliance to the standard, and investors vary in their cost of learning diverse standards for capital allocation. I show that a uniform accounting standard increases the quantity of capital in the economy and lowers the cost of c...

Purpose This paper explores how the International Accounting Standards Board (IASB) has dealt with emerging issue of accounting for cryptocurrencies by investigating its constituents' expectations and motivations underlying regulatory response. Design/methodology/approach The theoretical lens space is used to analyse four-year debate around cryptocurrency holdings informs extensive thematic ana...

The concept of materiality, originating in the accounting domain and applied auditing domain, is an essential tool for improving audit quality. A renewed interest materiality research emerged Australia after submitting Exposure Draft no. 243 by Australian Accounting Standards Board (AASB) proposing withdrawal AASB 1031 Materiality, which became effective July 2015. purpose this paper to review ...