International Financial Reporting Standards (IFRS): Exploring Financial Evidence from Listed Companies in the US

This paper relates to the financial effects of official adoption International Financial Reporting Standards (IFRS) in US. IFRS is a set unique, high-quality accounting standards that listed firms have been obliged implement since 2005 Europe. However, 2007, SEC decided allow foreign US stock markets publish their financials under without need reconciliate GAAP. That fact increased proportion converging process between two regimes but provoked several core questions interest both academics and market professionals. In this order, aims detect any statement for used follow GAAP, analyse whether acceptance has improved level convergence regimes, provide evidence on exhibited fewer earnings management IFRS. way, tested total three Hypotheses, by involving quantitative analysis secondary numerical data, from followed during first allowance year (2007). The findings reveal not succeeded eliminating falsified statements entirely performed better compared other countries where they introduced. It seems environment appropriate Additionally, there are indications year, keeping high accurate interpretation. special attention needed emerging issues future.