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1、外文文献翻译原文:InternationalFinancialReportingStandardsandExperts’PerceptionsofDisclosureQualityFrom2005,over7,000listedfirmsintheEuropeanUnionandmanymorearoundtheworldwillhavetoadoptInternationalFinancialReportingStandards(IFRS).ThemandatoryadoptionofIFRShasbeenmotivatedbyth
2、eneedtoensuregreatercomparabilityandahighertransparencyandqualityoffinancialreportingacrosstheEUmemberstates(seeECRegulationNo1606/2002).Thiskeystepontheroadtowardsaglobalsetofuniformaccountingstandardshasinspiredotherstandardsettersaroundtheworld,suchastheAustralianAcc
3、ountingStandardBoard(AASB),toadoptIFRSalike.However,thejuryisstilloutonthedesirabilityofsuchasignificantswitchofaccountingregime.Despitegeneralconcernsabouttheabolitionoflocalaccountingstandardscustomizedtowardstheneedsofaparticularinstitutionalenvironment(e.g.,Schildba
4、ch,2004),thereisstillconsiderabledebateabouttheexpectedqualityoffinancialstatementspreparedunderIFRSstandards,bothinpracticeandacademia.ConsidertheprominentexampleoftheFrenchPremierJacquesChirac,whoexpressedfirmresistancetotheadoptionofIFRS(AccountancyAge,2003).Academics
5、alsopresentdifferentviewsonthequalityofthefinancialstatementsoffirmsadoptingIAS/IFRS.Mostnotably,Balletal.(2003)illustrate,inthecaseoffourEastAsiancountries,thatadopting‘IAS-type’accountingstandardswillnotnecessarilyleadtohigherqualityreportinginthepresenceoflaxenforceme
6、ntmechanismsandstrongadversereportingincentives.Similarly,otherstudieshaverevealedseverecomplianceproblems,particularlyintheearlystageofIFRS(e.g.,Cairns,2000),thusquestioningthetransparencyofsuchfinancialreports.InordertoassessthetransparencyandqualityofIAS/IFRSascompar
7、edtolocalGAAPand/orU.S.GAAPfinancialstatementsforalargeandrepresentativesetoffirms,otheravailablestudiesfocusonspecificpropertiesofthesummarymeasuresoftheaccountingprocess,particularlyontherelationbetweenearningsandstockreturns(Bartovetal.2005,Barthetal.,2005).Thesestudie
8、s,however,bytheirdesigndonotanalysethepotentialdifferencesandchangesintheinformationprovidedintheactualannualreportso