Financial reporting quality: before and after IFRS adoption. Evidence from Taiwan

Ing. Yu Shun Lin

Master's thesis

Abstract:

The goal of the submitted thesis: “Financial reporting quality: before and after IFRS adoption. Evidence from Taiwan” is on the basis of investigation of impact of transfer from local GAAP to local IFRS on quality of financial reporting of the Taiwan Semiconductor Manufacturing Company Limited from Taiwan to understand the influence in quality of financial reporting after adoption of IFRS internally and externally, including government, the Company and investors. This thesis is using the qualitative characteristics approach, particularly a weight set of qualitative elements to measure the financial reporting quality. The empirical results show that the financial reporting during the period from 2012 to 2015 of Taiwan Semiconductor Manufacturing Company Limited measured by Qualitative Characteristics Measurement approach developed based on the IASB and the Financial Accounting Standards Board (FASB) each qualitative characteristic such as relevance, faithful representation, understandability, comparability, and timeliness by Nijmegen Center for Economics (NiCE) increase the components of the financial reporting quality. And identify advantages and disadvantages of such transfer and make a set of recommendations for Asian countries.

Keywords

financial report quality, IFRS, Taiwan, accounting standard, Taiwan Semiconductor Manufacturing Company Limited

Language used: English

Date on which the thesis was submitted / produced: 10. 5. 2017

Thesis defence

• Date of defence: 21. 6. 2017
• Supervisor: Ing. Oleksandra Lemeshko
• Reader: Ing. Roman Skalický

Masaryk University

Faculty of Economics and Administration

Master programme / field:
Finance and Accounting / Finance (eng.)