IASB: Improving Comparability of International Financial Reporting
| Speaker | Dr Ann Tarca Member International Accounting Standards Board |
|---|---|
| Date | Wednesday, April 24, 2019 |
| Time | 1:30 PM - 3:05PM |
| Venue | Level 2, Ngee Ann Kongsi Auditorium School of Accountancy 60 Stamford Road, S178900 |
Sypnosis
IFRS Standards aim to promote transparency, accountability and efficiency in financial markets around the world. One way that IFRS Standards do so is by improving the comparability of financial reporting thus enabling investors to better evaluate investment opportunities. Comparable accounting will be facilitated when firms with similar economic activities report similar accounting amounts and, conversely, firms with different economic activities report different amounts. Comparable accounting permits financial results to be meaningfully compared between entities and over time. In this talk I will discuss academic research that provides evidence about comparability of financial reporting following adoption of IFRS Standards. I will also explain how the IASB helps to improve comparability in financial reporting through the work of the IFRS Interpretations Committee. In conclusion, I will outline achievements of the IASB and major challenges ahead.
About the Speaker
Dr Ann Tarca was appointed to the International Accounting Standards Board (IASB) in July 2017. Her previous position was Professor at the University of Western Australia’s Business School and Head of the Accounting and Finance group. She qualified as a Chartered Accountant in 1985 and has a PhD in Accounting from the University of Western Australia. She was an accounting teacher and researcher at the University from 1996 and a Professor from 2011.
Dr Tarca served as a member of the Australian Accounting Standards Board (AASB) from 2014 to 2017 and was research director for the AASB from February to July 2017. She was an academic fellow of the IFRS Foundation from 2011 to 2012. She was a co-author on a leading accounting theory textbook and has written a wide range of research papers related to IFRS Standards, for which she has received many awards. Dr Tarca has been an active member of the international accounting academic community, having served on several boards and committees.