Influence of National Culture on IFRS Practice

The adoption of IFRS for group accounts of capital market oriented EU companies in 2005 was a milestone in European and international accounting harmonization. The benefits of a harmonized EU capital market, however, might be jeopardized by the inconsistent application of IFRS due to remaining national peculiarities. This study investigates IFRS measurement and disclosure practices in the leading EU economies of France, Germany and the UK. The empirical results show that differences in IFRS application are associated with national cultural differences. The findings of the study lead to several implications for IFRS accounting research and practice.

Autorentext

Christian Reisloh, born in Hamburg in 1981, studied Business Administration at the Catholic University of Eichstätt-Ingolstadt and the University of Barcelona from 2001 to 2006. He worked as a consultant for a Big Four audit firm from 2006 to 2010. In 2011 the author received his doctorate from the University of Münster.

Inhalt

Contents: Field study on IFRS measurement and disclosure practice in France, Germany and the UK Theory guided analysis of the association between national culture and IFRS practice.