Title: IFRS implementation at international level: a biplot analysis

Authors: Isabel Gallego-Álvarez; Beatriz Cuadrado-Ballesteros; Nicaury Mejía-Rosario

Addresses: Facultad de Economía y Empresa, Instituto Multidisciplinar de Empresa, Campus Miguel de Unamuno, FES, 37007 Salamanca, Spain ' Facultad de Economía y Empresa, Instituto Multidisciplinar de Empresa, Campus Miguel de Unamuno, FES, 37007 Salamanca, Spain ' Facultad de Economía y Empresa, Instituto Multidisciplinar de Empresa, Campus Miguel de Unamuno, FES, 37007 Salamanca, Spain

Abstract: Since 1973, there has been an increasing need to implement an international standard that will allow financial information to be compared, and this interesting topic has previously been analysed by several authors who have focused on causes and consequences in terms of quality of information, and on specific regions and countries. The present study, however, utilises cross-country data regarding the actual implementation of IFRS, specifically data from 140 countries of different regions. We use an algorithm proposed by Vicente-Villardón et al. (2006), which combines principal coordinates analysis and logistic regression to construct an external logistic biplot. We obtain a graphical representation of the whole set of countries, thus simplifying the interpretation of the IFRS situation around the world.

Keywords: International Financial Reporting Standards; IFRS implementation; logistic biplot; accounting regulations; international accounting; accounting standards.

DOI: 10.1504/IJAAPE.2016.079866

International Journal of Accounting, Auditing and Performance Evaluation, 2016 Vol.12 No.4, pp.422 - 444

Received: 02 Feb 2015
Accepted: 16 Nov 2015

Published online: 28 Sep 2016 *

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