ISSN: 2225-8329
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Taiwan’s financial accounting regulatory amendment directions shift the framework from the U.S. GAAP-based to International Financial Reporting Standards (IFRS)-based to accelerate the pace of progress towards convergence with IFRS. In the amendment process, the converge outcomes of earnings quality become an important and urgent issue. The purpose of this study is to investigate the converge impacts on reporting quality over 1999 to 2009, which divided into three timeframes: the U.S. GAAP-based era ranging from 1999-2005, the IFRS convergence era ranging from 2006-2007, and the preparation period of IFRS adoption ranging from 2008-2009. Two criteria of reporting quality is included: value relevance and the magnitude of earnings management. The empirical results show that the financial reporting quality got improvement under the amendment towards IFRS adoption.
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In-Text Citation: (Lin et al., 2012)
To Cite this Article: Lin, C.-C., Hua, C.-Y., Lin, W.-H., & Lee, W.-C. (2012). IFRS Adoption and Financial Reporting Quality: Taiwan Experience. International Journal of Academic Research in Accounting Finance and Management Sciences, 2(4), 193–203.
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