Ann Tarca: The Case for Global Accounting Standards - Arguments and Evidence
This paper outlines the arguments for a common set of accounting standards and the forces that have promoted adoption of International Financial Reporting Standards (IFRS). Widespread use of IFRS since 2005 provides an opportunity for empirical investigation of the benefits of IFRS. Ann Tarca, Professor of Accounting at the University of Western Australia and Academic Research Fellow at the IFRS Foundation, summarises results of studies that are relevant for assessing the role of IFRS in both developing and developed capital markets.
The paper was included in the IFRS Foundation Staff's analysis of the United States (US) Securities and Exchange Commission (SEC) Final Staff Report on International Financial Reporting Standards (IFRSs). Please see our earlier story on the IFRS Foundation Staff report and the Staff report itself (link to the IFRS Foundation website).
Professor Tarca has kindly allowed us to post her analysis on IAS Plus. Please click to download Professor Tarca's paper below.
