Impacto de los estándares internacionales de información financiera en la calidad contable: Evidencia desde Latinoamérica y el Caribe

Juan Camilo Cardona Montoya, Andrés Felipe Gómez Sánchez, Abel María Cano Morales

Resultado de la investigación: Contribución a una revistaArtículo

Resumen

This paper examines the impact of the application of International Financial Reporting Standards (IFRS) on accounting quality (financial report quality) of Latin American and Caribbean economies, regarding to their local accounting regulatory standards (Local GAAP). By using a sample of listed companies in Latin America and the Caribbean from 2006 to 2016, accounting quality is assessed under three measurement criteria: earnings management, timely loss recognition (accounting attributes) and value relevance (market attributes). The findings suggest a partial accounting quality improvement; it is showed through a decrease on the level of earnings management only after several years of the IFRS application. However, there is no evidence of a greater opportunity to recognize large losses; furthermore, the generated accounting information under IFRS is not valued, with greater usefulness by market agents.

Título traducido de la contribuciónThe impact of international financial reporting standards on accounting quality: Evidence from Latin America and the Caribbean
Idioma originalEspañol
PublicaciónContaduria y Administracion
Volumen64
N.º4
DOI
EstadoPublicada - 2019

Palabras clave

  • Accounting quality
  • Earnings management
  • Earnings smoothing
  • IFRS adoption
  • Value relevance

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