IFRS Adoption in Korea Boosts Earnings Sustainability and Financial Transparency
The study looked at how using international accounting standards (IFRS) affects the quality of financial information in Korea. They found that after adopting IFRS, Korean companies were less likely to manipulate their earnings and their financial statements were easier to compare. This change was more noticeable in competitive industries and smaller companies benefited the most. Overall, the study shows that using IFRS in Korea improves the reliability of accounting information.