Although the International Accounting Standards Board states that over 166 jurisdictions have globally adopted IFRS/IAS, this statement, unfortunately, overlooks reporting firm's financial statements' actual compliance level. Despite international accounting communities' continued efforts, there remains a worrying trend of non-compliance within statements prepared according to Financial Reporti...

This study investigates whether harmonization of accounting standards enhances the comparability of …nancial information across countries. First, I statistically de…ne and link comparability to …rm value in a two-…rm, sequential information release framework. I then empirically test the prediction that a …rm yet to announce earnings reacts more strongly to the earnings announcement of a foreign...

pharmacy as the last unit in the pharmaceutical supply chain is responsible for supplying and dispensing medicines to the patients and giving required advices to them, based on their needs and physician’s prescriptions according to standard protocols of the country. beside this responsibility, which is primarily on drugstores, this unit is regarded as a small business unit and should have econo...

This study aims to examine the implementation of Statement Financial Accounting Standards (PSAK) Number 102 concerning murabahah financing in Sharia Cooperatives Aceh Besar and determine suitability application PSAK on Besar. The population this research is 6 which are registered at Office Small Medium Micro Businesses District still active until now apply financing. analysis was conducted by c...

for management override of controls. Auditors are discouraged from placing too much reliance on client representation and are required to maintain a skeptical attitude throughout the audit. The standard encourages auditors to engage in frequent discussion among engagement personnel regarding the risk of material misstatement due to fraud. SAS 99 also requires auditors to inquire of management a...

Statement of investment deposits performance is a separate and supplementary financial statement that is designed with two objectives: 1. Improvement in the level of disclosure and accountability of the banks to the owners of investment deposits as the main providers of the banks’ resources, and 2. Implementation of the IFRS standards on banking business in Iran. In this paper, the principles g...

Abstract This paper compares how pension obligations impact the market value of United States corporations under two accounting regimes. Using a sample firms that disclosed liabilities Statement Financial Accounting Standards (SFAS) No. 87 from 2001 to 2005 and recognized them SFAS 158 2006 2014, I find equity participants take into account net position fund only if it is on sponsor's balance s...

Increased globalization of financial and product markets has raised the interest of both market participants and regulators in the quality of financial reporting worldwide. The rise in the volatility of stock returns across the globe in the past couple of years has also been a concern. Could greater transparency in financial statement information reduce volatility and produce more accurate stoc...