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The impact of international financial reporting standards on accounting quality: Evidence from Latin America and the Caribbean [Impacto de los estándares internacionales de información financiera en la calidad contable: Evidencia desde Latinoamérica y el Caribe]

dc.creatorCardona Montoya J.C.
dc.creatorGómez Sánchez A.F.
dc.creatorCano Morales A.M.
dc.date2019
dc.date.accessioned2021-02-05T14:59:45Z
dc.date.available2021-02-05T14:59:45Z
dc.identifier.issn1861042
dc.identifier.urihttp://hdl.handle.net/11407/6111
dc.descriptionThis paper examines the impact of the application of International Financial Reporting Standards (IFRS) on accounting quality (financial report quality) of Latin American and Caribbean economies, regarding to their local accounting regulatory standards (Local GAAP). By using a sample of listed companies in Latin America and the Caribbean from 2006 to 2016, accounting quality is assessed under three measurement criteria: earnings management, timely loss recognition (accounting attributes) and value relevance (market attributes). The findings suggest a partial accounting quality improvement; it is showed through a decrease on the level of earnings management only after several years of the IFRS application. However, there is no evidence of a greater opportunity to recognize large losses; furthermore, the generated accounting information under IFRS is not valued, with greater usefulness by market agents. © 2019 Universidad Nacional Autonoma de Mexico. All rights reserved.
dc.language.isospa
dc.publisherUniversidad Nacional Autonoma de Mexico
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85085321971&doi=10.22201%2fFCA.24488410E.2018.1669&partnerID=40&md5=2fdff69990c141d9be60596e789243ac
dc.sourceContaduria y Administracion
dc.subjectAccounting qualityspa
dc.subjectEarnings managementspa
dc.subjectEarnings smoothingspa
dc.subjectIFRS adoptionspa
dc.subjectValue relevancespa
dc.titleThe impact of international financial reporting standards on accounting quality: Evidence from Latin America and the Caribbean [Impacto de los estándares internacionales de información financiera en la calidad contable: Evidencia desde Latinoamérica y el Caribe]
dc.typeArticleeng
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.publisher.programContaduría Públicaspa
dc.identifier.doi10.22201/FCA.24488410E.2018.1669
dc.relation.citationvolume64
dc.relation.citationissue4
dc.publisher.facultyFacultad de Ciencias Económicas y Administrativasspa
dc.affiliationCardona Montoya, J.C., Universidad de San Buenaventura, Colombia
dc.affiliationGómez Sánchez, A.F., Universidad de San Buenaventura, Colombia
dc.affiliationCano Morales, A.M., Universidad de Medellín, Colombia
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