000165424 001__ 165424
000165424 005__ 20260108143204.0
000165424 0247_ $$2doi$$a10.1016/j.intaccaudtax.2007.06.002
000165424 0248_ $$2sideral$$a106746
000165424 037__ $$aART-2007-106746
000165424 041__ $$aeng
000165424 100__ $$0(orcid)0000-0003-1298-7183$$aCallao Gastón, Susana$$uUniversidad de Zaragoza
000165424 245__ $$aAdoption of IFRS inSpain: effect on the comparability and relevance of financial reporting
000165424 260__ $$c2007
000165424 5203_ $$aEU Regulation 1606/2002 requires application of International Financial Reporting Standards (IFRS) by groups listed on European stock markets. In Spain, listed groups are now obliged to prepare consolidated financial information under IFRS, and legislative changes to bring local rules into line with international standards have been tabled.
In this context, the potential impact of IFRS is fraught with uncertainty. Our study of IBEX-35 companies focuses on the effects of the new standards on comparability and the relevance of financial reporting in Spain. We address these objectives by seeking significant differences between accounting figures and financial ratios under the two sets of standards (i.e. Spanish accounting standards and IFRS).
The results obtained show that local comparability has worsened. The study reveals that local comparability is adversely affected if both IFRS and local accounting standards are applied in the same country at the same time. Reforms to bring local rules into line with international standards are therefore urgent. We also find that there has been no improvement in the relevance of financial reporting to local stock market operators because the gap between book and market values is wider when IFRS are applied. While there has been no gain in terms of the usefulness of financial reporting in the short-term, improved usefulness may be achieved in the medium to long-term.
000165424 540__ $$9info:eu-repo/semantics/closedAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000165424 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000165424 700__ $$0(orcid)0000-0003-0334-192X$$aJarne Jarne, José Ignacio$$uUniversidad de Zaragoza
000165424 700__ $$0(orcid)0000-0003-3649-9125$$aLaínez Gadea, José Antonio$$uUniversidad de Zaragoza
000165424 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000165424 773__ $$g16, 2 (2007), 148-178$$pJ. int. account. audit. tax.$$tThe journal of international accounting, auditing and taxation$$x1061-9518
000165424 8564_ $$s335459$$uhttps://zaguan.unizar.es/record/165424/files/texto_completo.pdf$$yVersión publicada
000165424 8564_ $$s942951$$uhttps://zaguan.unizar.es/record/165424/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000165424 909CO $$ooai:zaguan.unizar.es:165424$$particulos$$pdriver
000165424 951__ $$a2026-01-08-14:10:23
000165424 980__ $$aARTICLE