Diversity in IFRS reporting: The Case of Japanese subsidiaries and Australian Peer Companies

Diversity in IFRS reporting: The Case of Japanese subsidiaries and Australian Peer Companies

Global Review of Accounting and Finance

Vol. 7. No. 1. , March 2016, Pages: 25 – 42

Diversity in IFRS reporting: The Case of Japanese subsidiaries and Australian Peer Companies

Sachiko Sugiyama and Jesmin Islam

This study investigates financial reporting during 2000– 2010 for unlisted, 75 Japanese subsidiary companies and 189 Australian peer companies. The results show that the adoption of International Financial Reporting Standards was not always effective in reducing financial reporting diversity.

Key Words: International Financial Reporting Standards (IFRS); Financial reporting diversity; Japan; Australia

JEL Codes: M40; M41

DOI : http://dx.doi.org/10.21102/graf.2016.03.71.03