The Role and Current Status of IFRS in the Completion of National Accounting Rules–Evidence from Ireland

Kirwan, Collette E. and Pierce, Aileen (2017) The Role and Current Status of IFRS in the Completion of National Accounting Rules–Evidence from Ireland. Accounting in Europe, 14 (1-2). pp. 113-120. ISSN 1744-9480

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Abstract

We examine the extent to which International Financial Reporting Standards (IFRSs) are used as a reference point and as a basis for the development of accounting standards in the Republic of Ireland (ROI). In particular, the focus is on accounting standards applicable to entities other than those listed on a regulated EU market. The objective is to provide a deeper understanding of the direct and indirect effect of IFRS on accounting standards applicable predominantly to private companies limited by shares in ROI. We illustrate how the historical links between the UK and ROI continue to influence accounting standards applicable in ROI. The enactment of the Companies (Accounting) Bill 2016 into ROI law will maintain the traditional alignment of UK and ROI accounting regulation, whilst simultaneously bringing into force the remaining aspects of the EU Accounting Directive 2013/34/EU, not currently applicable in ROI.

Item Type:	Article
Additional Information:	Publisher Copyright: © 2017 European Accounting Association.
Uncontrolled Keywords:	/dk/atira/pure/subjectarea/asjc/1400/1403
Departments or Groups:
Depositing User:	Admin SSL
Date Deposited:	19 Oct 2022 23:13
Last Modified:	27 Jun 2023 23:55
URI:	http://repository-testing.wit.ie/id/eprint/4689

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