Papers presented at the IASB Research Forum
03 Oct, 2014
The first IASB Research Forum was held on 2 October 2014 in Oxford. The meeting offered two panel discussions and saw the presentation of six academic papers.
Topics focused on areas in financial reporting that are either already on the IASB's research agenda for consideration, that have been brought to the IASB's attention by stakeholders as areas that the IASB should consider addressing or as research that focuses on issues related to the implementation of IFRS. The papers presented were (all links below are to the IASB website):
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Arjan Brouwer, Martin Hoogendoorn and Ewout Naarding: The Conceptual Framework as a guide for future standard setting or only a justification of current practice? An analysis of the asset and liability definitions in the current and new Conceptual Framework
The paper evaluates whether the IASB's efforts to develop a new Conceptual Framework are aimed at developing a robust and consistent basis for future standard setting, thereby guiding standard setting decisions in complex and controversial areas, or whether the development of the new Conceptual Framework is only a political step aimed at legitimising existing standards. -
Christopher W. Nobes and Christian Stadler: The qualitative characteristics of financial information and managers' accounting decisions: evidence from IFRS policy changes
The paper offers the first empirical study that uses publicly available data to provide direct evidence about the role of the qualitative characteristics of financial information in managements' accounting decisions. -
Araceli Mora and Martin Walker: The Implications of Research on Accounting Conservatism for Accounting Standard-Setting
The paper seeks to develop closer links between the academic thinking on conservatism, and the concerns of standard setters. The authors identify and discuss the various forms of accounting conservatism that have appeared in the accounting literature, discuss the role of conditional accounting conservatism in helping to reduce the moral hazard and adverse selection problems that cause capital markets to be imperfect or incomplete, and discuss the empirical literature that attempts to assess the benefits and costs of conservatism. -
Anne Bean and Helen Irvine: Derivatives disclosure in corporate annual reports: bank analysts' perceptions of usefulness
Responding to mixed evidence on the decision-usefulness of the annual report disclosures for derivative financial instruments to capital market participants, and concerns identified by practice, the paper examines usefulness in a direct study of user perceptions. -
Francesco Mazzi, Paul André, Dionysia Dionysiou and Ioannis Tsalavoutas: Goodwill-related mandatory disclosure and the cost of equity capital
The paper examines whether goodwill related disclosure, as mandated by IFRS 3 and IAS 36, reduces implied cost of equity capital for a sample of European firms for the period 2008 to 2011. -
Russell Craig, Wally Smieliauskas and Joel Amernic: Fairness of Reporting, Acceptable Accounting Risk and the IASB’s Conceptual Framework: Insights from the Enron Trial
The paper offers an argument-based analysis of the accounting expert witness testimony given in the 2006 Enron trial that highlights important issues in the reasoning process underlying financial reporting.
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