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The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence
Thesis (PhD)--University of Pretoria, 2017.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2017
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| _version_ | 1867613640420491264 |
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| access_status_str | Open Access |
| author2 | Venter, Elmar Retief |
| author_browse | Venter, Elmar Retief |
| author_facet | Venter, Elmar Retief |
| collection | Thesis |
| dc_rights_str_mv | © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Thesis (PhD)--University of Pretoria, 2017. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/62682 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:21.733Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/62682 The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence Venter, Elmar Retief smithc@unisa.ac.za Stiglingh, M. (Madeleine) Smith, Christelle UCTD IFRS "Label" benefits Network benefits Comparability Financial Statement Comparability Accounting Harmonisation International Financial Reporting Standards (IFRS) Economic and management sciences theses SDG-16 Economic and management sciences theses SDG-08 Thesis (PhD)--University of Pretoria, 2017. In this study, I examine whether the mandatory adoption of International Financial Reporting Standards (IFRS) in a country where local Generally Accepted Accounting Principles (GAAP) is of similar quality to IFRS is associated with changes in the comparability of financial statements. I also investigate the sources of any changes in the comparability of financial statements. I use data from South Africa, where, word for word, prior to the mandatory adoption of IFRS, local GAAP was the same as IFRS, and enforcement remained unchanged. I use two different measures of comparability, one based on accounting data (accruals-cash flow measure) and the other based on both accounting data and market data (earnings-return measure). I compare South African firms with two different groups, namely other mandatory IFRS adopters and non-adopters. My data show evidence of an increase in the comparability of the financial statements of South African firms with those of both adopters (both measures) and non-adopters (the earnings-return measure) following the mandatory adoption of IFRS. In additional analysis, I found a global increase in the comparability of firms' financial statements that is consistent with market changes unrelated to IFRS adoption as one of the sources of the increase in comparability. Moreover, an incremental increase in the comparability of the financial statements of South African firms after the mandatory adoption of IFRS, relative to the increase in the comparability of the financial statements of non-adopting firms, is consistent with benefits from using the IFRS "label" and with the expanded IFRS network as sources of increased comparability. cb2026 Accounting PhD Unrestricted SDG-16: Peace, justice and strong institutions SDG-08: Decent work and economic growth 2017-10-11T11:56:16Z 2017-10-11T11:56:16Z 2017-09-07 2017 Thesis Smith, C 2017, The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence, PhD Thesis, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/62682> S2017 http://hdl.handle.net/2263/62682 en © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD IFRS "Label" benefits Network benefits Comparability Financial Statement Comparability Accounting Harmonisation International Financial Reporting Standards (IFRS) Economic and management sciences theses SDG-16 Economic and management sciences theses SDG-08 The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence |
| title | The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence |
| title_full | The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence |
| title_fullStr | The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence |
| title_full_unstemmed | The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence |
| title_short | The mandatory adoption of International Financial Reporting Standards and financial statement comparability : South African evidence |
| title_sort | mandatory adoption of international financial reporting standards and financial statement comparability south african evidence |
| topic | UCTD IFRS "Label" benefits Network benefits Comparability Financial Statement Comparability Accounting Harmonisation International Financial Reporting Standards (IFRS) Economic and management sciences theses SDG-16 Economic and management sciences theses SDG-08 |
| url | http://hdl.handle.net/2263/62682 |