Evidence of the Impact of Methods of Implementation of IFRS on the Relevance of Accounting Information

Abstract

We have introduced a new classification of methods of implementation of IFRS based on the three criteria: The conformity with the IFRS Issued by the IASB, the necessity of a regulatory passage and the policy of implementation. On the basis of this classification, we have established an empirical study to examine the effect of these methods of implementation of IFRS on the relevance of the accounting Information. As a sample, we have taken several companies listed on the stock market of 8 countries adopting the IFRS with different methods of implementation. The results found show that the method of implementation of IFRS impacts significantly the relevance of the accounting information. Additionally, the comparison of the relevance of the accounting information demonstrates a better quality in countries adopting methods which are conform to IFRS compared to those opting for methods less conform. Thus, these results complement the diverse studies on the quality of the accounting information and open up new lines of researches.