165263 20251219174252.0 doi 10.1108/09675420910963388 sideral 83674 ART-2009-83674 eng Callao, S. Universidad de Zaragoza (orcid)0000-0003-1298-7183 The impact of IFRS on the European Union. Is it related to the accounting tradition of the countries? 2009 Purpose The purpose of the this paper is to discover the quantitative impact of International Financial Reporting Standards (IFRS) on financial reporting of European countries and evaluate if this impact is connected with the traditional accounting system in which each country is classified, either the Anglo‐Saxon or the continental‐European accounting system. Design/methodology/approach First, the authors quantify the IFRS impact on each country and make a comparative analysis of that impact among countries. Then, the authors apply a cluster analysis in order to group European countries on the basis of the different effects of IFRS application. Findings The results obtained show that the first application of IFRS has had different effects on the financial reporting among countries. The cluster analysis identifies four groups which show that the impact of IFRS on financial statements of European firms is not related to traditional accounting systems. Originality/value The main contribution of the paper is that it studies the impact of mandatory IFRS application for several European countries and shows a comparative analysis, grouping the countries on the basis of that impact. Previous literature mainly gathers research related to specific countries, individually considered, or to different IFRS effects that do not reflect quantitative impacts. Access copy available to the general public Unrestricted info:eu-repo/semantics/openAccess by-nc https://creativecommons.org/licenses/by-nc/4.0/deed.es info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Ferrer, C. Universidad de Zaragoza (orcid)0000-0002-6744-1092 Jarne, J.I. Universidad de Zaragoza (orcid)0000-0003-0334-192X Laínez, J.A. Universidad de Zaragoza (orcid)0000-0003-3649-9125 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 10, 1 (2009), 33-55 J. appl. account. res. Journal of applied accounting research 0967-5426 287028 http://zaguan.unizar.es/record/165263/files/texto_completo.pdf Postprint 327252 http://zaguan.unizar.es/record/165263/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:165263 articulos driver 2025-12-19-14:44:01 ARTICLE