The Analysis of Compliance with the Information Requirements of IFRS. The Case of Entities Listed on the Bucharest Stock Exchange
Author:
Ionelia Alexandra FELDIOREANU, Ph. D. Student
JEL:
M41, M48
DOI:
Keywords:
IFRS, Romania, compliance, type of auditor, BVB
Abstract:
The aim of this study is to analyze the compliance with the information requirements of entities listed on the Bucharest Stock Exchange (first tier) in accordance with IFRS. The author analyzed the 2012 annual reports of all 16 entities included in this tier. The author further investigated the association between the level of compliance with the requirements of IFRS and the following factors: size and the type of auditor. Results confirmed that entities audited by a Big 4 auditor comply to a higher extent the requirements of IFRS. The conducted study highlights the tendency of the size of the entities to influence the value of the disclosure index compliance with IFRS.\r\n