The role of accounting information and the relevance of IFRS

The main objective of this study is to determine how individuals involved in the accounting process view the role of accounting information in an economic environment where capital markets are dominant. The study also attempts to determine whether International Financial Reporting Standards (IFRS) play a part in fulfilling this role. To this end, I compare the perceptions of financial officers, financial analysts and auditors from twenty distinctly market environments. By means of a survey, I investigate whether producers of accounting data (financial officers), users of that data (financial analysts), and controllers of accounting information (auditors) share the same views on the usefulness and goals of the financial accounting process. Extending the study to several countries is a useful means for determining whether and how the economic environment affects the respondents views of accounting information. I use descriptive statistics, univariate tests and multiple correspondence analyses (MCA) to analyze the responses to our multiple-choice questions. Results suggest that respondents' activity has less influence on their answers than the country where they are located.

Autorentext

Dr. Benetti is expert in international accounting. She has served as Head of Finance dept at ICN Business School, since 2013. She was awarded the AMBIMA Stock Market Prize and the Best Thesis Award in the Accounting Department at USP. Outside university life, she has acted as consultant to the Brazilian government. She now resides in Metz, France.