Benefits and costs of IFRS implementation in the opinion of Polish certified auditors

Apply

Benefits and costs of IFRS implementation in the opinion of Polish certified auditors

Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2017, Vol 2017, Issue 95

Abstract

The article presents the results of a survey conducted among a carefully selected group of Polish certified auditors. The purpose of the study was to determine whether auditors, during the audit of financial state- ments, perceive certain costs and benefits resulting from the fact that the audited statements were pre- pared in accordance with IFRS. This survey was undertaken to demonstrate that the cost-benefit analysis of IFRS, after more than a decade of their use in Polish practice, could provide important observations for future legislative changes in this area. The study shows that, thanks to the implementation of IFRSs, auditors gain the benefit of lower audit workloads. At the same time, however, they identify six reasons why the audit process is prolonged, requiring special organization, prior special preparation and, as a result, higher auditing costs

Authors and Affiliations

Anna Karmańska

Keywords

cost-benefit analysis certified auditors International Financial Reporting Standards (IFRS)

Metody (poznawcze) rachunkowości – przegląd współczesnej literatury polskiej

Celem artykułu jest analiza poglądów odnośnie do metod (poznawczych) rachunkowości prezentowanych we współczesnej literaturze polskiej. Przedmiotem analizy są następujące zagadnienia: definicje pojęcia „metody (poznawcze...

The influence of culture on disclosures in financial statements prepared under International Financial Reporting Standards

The primary objective of this article is to investigate the impact of culture (as measured by Hofstede) on disclosures in financial statements prepared under International Financial Reporting Standards (IFRS) by firms fr...

EP ID EP240890
DOI 10.5604/01.3001.0010.6571
Views 125
Downloads 0