International Financial Reporting Standards Implementation In The United Kingdom, Italy, And Ireland: The Role Of Differential Country Attributes

Abstract

International Financial Reporting Standards are designed to create a common global language for business transactions so businesses can compare financial information more easily. This study examines three countries, the United Kingdom, Italy, and Ireland, and examines how country-level attributes in each of these countries affected the implementation of IFRS. The study develops three propositions related to IFRS standards 2, 3, and 39 and examines prior research to draw conclusions regarding the propositions.