An impact of International Financial Reporting Standards on the Quality of Accounting Information system in the world

Abstract

After the different monetary outrages, the discussion concerning bookkeeping data has been restored decisively. Thus, we have chosen to consider the nature of bookkeeping data. Surely the point of this article, which ranges from the time of 2002 to 2006, is to consider the effect of early reception of IFRS (International Financial Reporting Standards) on the nature of bookkeeping data. In the wake of looking into the writing, we decided to consider the accompanying aspects: earnings management and opportune misfortune acknowledgment. This investigation manages as adequate of the CAC (Cotation Assistée en Continu: Scoring Assisted Continuous) 40 organizations. Board number one is comprised of organizations that predicted the reception of IFRS. Board number two comprise of organizations that sat tight for the lawful date for the reception of IFRS. After exact tests, we saw that for board number one, the nature of bookkeeping data has improved; while in board number two, we saw an expansion in income management. Taking everything into account, not predicting the reception of IFRS hampers the organizations and increments acquiring the executives.