People’s Republic of China has a long history of accounting and accounting reforms. This study focuses on “whether China should continue its IFRS-based domestic accounting standards or full convergence with the IFRS is more appropriate”? Both quantitative and qualitative approaches are applied to answer the research question of this work. Binary choice model has been used in the statistical ana...

This paper discusses the nature of the challenges related to the linguistic translation of IFRS and explores some of procedures that are aimed to respond to these challenges. Using archival data about the work of the Translation Review Committee (RC), translation guidelines and other materials provided by IASB as well as nine interviews of two translators and six RC members, the translation pra...

Prior studies illustrate the issues of agency theory stemmed from the separation between ownership and management. As such, information asymmetry between the agent and principal is the major reason why agent can take advantages from adverse selection and moral hazard, which is the obvious problem in recent accounting scandals. Boards of directors therefore have fiduciary duties to exercise effe...

So I am relieved to say that the Reserve Bank has no role in developing or enforcing accounting standards, though we do of course have to produce our own accounts consistent with the relevant standards. It may interest you to know in this context that the Reserve Bank has itself made the change to IFRS, and will present its 2005/06 accounts on this basis in the Annual Report later this year, ju...

*Correspondence: [email protected] School of Mathematics and Statistics, Beihua University, Jilin, China Abstract In this paper, we consider a stochastic SIR epidemic model with regime switching. The Markov semigroup theory will be employed to obtain the existence of a unique stable stationary distribution. We prove that, ifRs < 0, the disease becomes extinct exponentially; whereas ifRs > 0 and β...

Article history: Received 2 February 2007 Received in revised form 22 October 2008 Accepted 23 October 2008 XBRL is a language based on XML for the electronic communication of business information. It is designed to improve the exchange, aggregation and analysis of corporate data requiring disclosure, through a unique tagging structure that provides interoperability. But, the proliferation of a...

250 words) We examine (1) whether analysts’ forecast accuracy and the extent to which they disagree have declined since the mandatory adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) in 2005, and (2) whether differences between countries in their enforcement of accounting standards are a contributing factor. Based on a sample of 40,123 firm-month observa...