Discovery Projects - Grant ID: DP160101348

Funding Activity

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Funded Activity Summary

Adoption of Australian IFRS: Are IFRS "fit for purpose"? The project seeks to explore the usefulness of modifications made to company earnings based on International Financial Reporting Standards (IFRS; Australia’s mandatory accounting standards) by financial report preparers and users. The project intends to show how share markets respond to adjustments to IFRS earnings and provide evidence to assist standard setters and regulators in policy decisions to strengthen the financial reporting framework and to improve the comparability and transparency of financial information. A more robust framework would improve capital market efficiency, promote economic growth in Australia and support the goal of making Australia a world-leading financial market.

Funded Activity Details

Start Date: 01-01-2016

End Date: 31-12-2020

Funding Scheme: Discovery Projects

Funding Amount: $278,000.00

Funder: Australian Research Council