Document Type

Article

Publication Date

2025

Publication Title

Journal of Theoretical Accounting Research

Volume

21

Issue

1

Pages

80-121

Abstract

The purpose of this paper is to examine whether the International Accounting Standards Board (IASB) has been successful in achieving its stated objective of enhancing the comparability of financial reports produced across the globe. According to IFRS.org, "IFRS Accounting Standards bring transparency by enhancing the international comparability and quality of financial information, enabling investors and other market participants to make informed economic decisions." To meet our research objective, we summarize the research on international financial reporting standards (IFRS) found in seven relevant ABDC A and A* journals for 2016-2021. Based on the examination of published research, we create a model of how IFRS influences and is influenced by numerous factors. We find that IFRS has not been adopted or applied consistently across the world. As such, we note that IASB has been only partially successful in achieving its stated objective of ensuring comparability of financial reports produced in different parts of the world. The manuscript concludes with ten areas of research improvement, including new topics, new geographies, and, most importantly, more recent data.

Rights

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Through our open-access policy, JTAR fosters an international platform for accounting theorists to contribute, engage, and innovate—without restriction—ultimately enhancing the reach and influence of theoretical research across disciplines, institutions, and borders."

Original Publication Citation

Salter, S. B., Duong, H. K., & Gupta, G. (2025). Has the IASB successfully achieved its stated goals? A literature synthesis and theoretical model. Journal of Theoretical Accounting Research, 21(1), 80-121.

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