Impact of international financial reporting standards on the profit and equity of AIM listed companies in the UK
Year: 2015
Type: article
Abstract: This study examines the extent to which the change from UK GAAP to IFRS has affected companies listed on the Alternative Investment Market (AIM) in the UK. The results suggest that, on average, profit reported under IFRS is higher than that reported under UK GAAP; however, the difference is much smaller for AIM listed companies as compared to what existing literature suggests for firms listed on main stock markets. The Gray's partial analysis results indicate that despite the extensive programmes for improving convergence over time there is still a considerable discrepancy between IFRS and UK GAAP.
Source: Accounting Forum
Authors: Arshad Ali, Saeed Akbar, Phillip Ormrod
Institutions: University of Malakand, University of Liverpool
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2202425282