Title: IFRS first adoption: the one-size-fits-all approach

Authors: Cristiane Benetti; Stéphanie Thiéry

Addresses: Department of Finance, Accounting, Audit, Control, Economics and Law, ICN Business School ARTEM, 86 rue du Sergent Blandan, 54000, Nancy, France; CEREFIGE, Centre Européen de Recherche en Économie Financière et Gestion des Entreprises (EA 3942), Université de Lorraine, 23-25 rue Baron Louis, 54000, Nancy, France ' Department of Finance, Accounting, Audit, Control, Economics and Law, ICN Business School ARTEM, 86 rue du Sergent Blandan, 54000, Nancy, France; CEREFIGE, Centre Européen de Recherche en Économie Financière et Gestion des Entreprises (EA 3942), Université de Lorraine, 23-25 rue Baron Louis, 54000, Nancy, France

Abstract: The main objective of this study is to evidence stakeholders' perceptions of International Financial Reporting Standards (IFRS) adoption across Europe and Brazil. Through a survey, (795 completed questionnaires - 10% of our sample), we investigated whether accounting data producers (chief financial officers) and gatekeepers (financial analysts and auditors), shared the same views on the usefulness and goals of the international financial reporting process. Descriptive statistics and univariate tests were used to analyse the responses to multiple-choice questions. The main results show that the respondents' location influences their responses significantly more than the respondents' occupation.

Keywords: fair value; International Financial Reporting Standards; IFRS; first adoption; emerging markets; earnings quality.

DOI: 10.1504/IJMFA.2024.139517

International Journal of Managerial and Financial Accounting, 2024 Vol.16 No.3, pp.282 - 311

Received: 22 Mar 2022
Accepted: 13 Jan 2023
Published online: 03 Jul 2024 *

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