e-journal

Resisting compliance with IFRS goodwill accounting and reporting disclosures

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Purpose – The purpose of this paper is to report the findings of a study designed to understand the
extent of compliance with the goodwill accounting and reporting disclosure requirements under AASB
136 among a sample of goodwill intensive Australian firms over the first two years of their IFRS
adoption.
Design/methodology/approach – Examining the goodwill reporting practices adopted by a
sample of 50 large Australian listed firms, which disclosed the existence of goodwill in each of the first
two years in which they produced financial statements pursuant to IFRS. The quality and technical
accuracy of the goodwill disclosures produced by these organisations together with an assessment of
evidence of variation in these over time provides an evidentiary basis for analysis.
Findings – The paper finds continued high levels of non-compliance with the goodwill accounting
standard suggesting that a viable organisational option in the face of change is to fail to take steps to
comply. This organisational response undermines the assumptions of consistency and comparability
as key qualitative characteristics under IFRS.
Originality/value – The focal question pondered pertains to the nature of organisational responses
to changes such as those brought about by continued development and reform of financial reporting
standards. This is a question with potentially significant implications for a range of stakeholders
including auditors, financial analysts, regulators and report users.

Keywords Goodwill accounting, Financial reporting, Creative accounting, Australi

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Ketersediaan

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Informasi Detail

Judul Seri

Journal of Accounting & Organizational Change

No. Panggil

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Penerbit

: Emerald Group., 2010

Deskripsi Fisik

Journal of Accounting & Organizational Change Vol. 6 No. 2, 2010 pp. 260-28

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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