Financial Reporting Standards (FRS) Definition   Academic Research on Financial Reporting Standards (FRS) InternationalFinancial Reporting Standardsand the quality offinancialstatement information, Iatridis, G. (2010). International Review of Financial Analysis,19(3), 193-204. This study focuses on the adoption of the International Financial Reporting Standards (IFRSs) in the UK and concentrates in the switch from the UK GAAP to IFRSs. The study seeks to determine whether IFRS adoption leads to higher quality accounting numbers. By examining company accounting measures reported under the UK GAAP and IFRSs, the study investigates the earnings management potential under IFRSs. The paper also studies the value relevance of IFRS-based financial statement information. The study indicates that the implementation of IFRSs generally reinforces accounting quality. The post-adoption effects of the implementation of InternationalFinancial Reporting Standardsin Greece, Iatridis, G., & Rouvolis, S. (2010). Journal of international accounting, auditing and taxation,19(1), 55-65. This study investigates the effects of the transition from Greek GAAP to IFRS on the financial results of Greek listed firms. The study also examines the factors associated with the provision of voluntary IFRS disclosures before the official period of adoption, the degree of earnings management under IFRS, and the value relevance of IFRS-based accounting numbers. The findings show that the implementation of IFRS has introduced volatility in key income statement and balance sheet measures of Greek firms. The study provides evidence that IFRS adoption leads to more value relevant accounting measures. Internationalfinancial reporting standardscredible and reliable? An overview, Alali, F., & Cao, L. (2010).Advances in Accounting,26(1), 79-86. The study discusses how IFRS's objective of theharmonizationofaccounting standardsand improvement of quality of financial reporting may have been negatively affected due to public authorities' influences in the European Union (EU), the U.S., the U.K. and China. In addition, it discusses issues related to the inconsistent interpretations and implementations ofIFRSas principle-based accounting standards. InternationalFinancial Reporting Standards: what are the benefits?, Brown, P. (2011).Accounting and business research,41(3), 269-285. Value relevance of book value and earnings: evidence from two differentfinancial reportingregimes, Halim Kadri, M., Abdul Aziz, R., & Kamil Ibrahim, M. (2009). Journal of Financial Reporting and Accounting,7(1), 1-16. This study is aimed at investigating the value relevance of book value and earnings and the relationship between earnings and operating cash flow of two different financial reporting regimes in Malaysia. A market and nonmarket valuation approaches were utilised for that purpose. The result of market valuation approach of pool sample shows that book values and earnings are value relevant. The paper observed that the change in financial reporting regime affects significantly the value relevance of book value and but not earnings. Shifting to internationalfinancial reporting standards, Bradbury, M., & van Zijl, T. (2005). Auckland Business Review,7, 77-83. The impact of audit committee quality onfinancial reportingquality and audit fees, Rainsbury, E. A., Bradbury, M., & Cahan, S. F. (2009). Journal of Contemporary Accounting & Economics,5(1), 20-33. This study examines the association between the quality of audit committees on financial reporting quality and external audit fees in an environment where the formation of audit committees was unregulated. The study uses a sample of 87 New Zealand firms in 2001 when no regulations or listing rules existed for audit committees. The results show no significant association between the quality of an audit committee and the quality of financial reporting. Earnings quality and the adoption of IFRS-based accountingstandards: Evidence from an emerging market, Adibah Wan Ismail, W., Anuar Kamarudin, K., van Zijl, T., & Dunstan, K. (2013). Asian Review of Accounting,21(1), 53-73. The study tests whether the level of earnings management by companies is significantly lower after the adoption of IFRS, and reported earnings is more value relevant during the IFRS period. This study uses a large sample of 4,010 observations over a threeyear period before and a threeyear period after the adoption of the new set of accounting standards. Self-referential lobbying of the accountingstandardsboard: the case offinancial reporting standardno. 1, Jupe, R. E. (2000). Critical Perspectives on Accounting,11(3), 337-359. This paper employs a Latourian framework to analyse the informal and formal lobbying of the Accounting Standards Board (ASB) over its flagship standard on cash flow statements. The purpose of the analysis is to reveal how the self-referential rhetoric of key lobbyists, such as companies and auditors, was used to enrol the ASB into amending its standard in line with the transformative practices of some large companies. Development offinancial reportingenvironment in Malaysia, Muniandy, B., & Ali, M. J. (2012). Research in Accounting Regulation,24(2), 115-125. The purpose of our paper is to examine the development of the financial reporting environment in Malaysia. The paper explores the influence of environmental factors such as social, political, economic, legal and cultural in the development of accounting and Malaysias recent move towards the adoption of International Financial Reporting Standards (IFRS). It finds that Malaysias colonial past and the reformation of corporate governance have significantly influenced the countrys financial reporting practices. Goodwill accounting in the United Kingdom: The effect of internationalfinancial reporting standards, Qasim, A., Haddad, A., & Abughazaleh, N. (2013). This paper critically examines, based on the accounting literature and professional standards, the change in accounting treatment for goodwill pursuant to international financial reporting standards (IFRSs) by reference to the UK accounting standards. It critically discusses and compares the former UK and new IFRS policies for goodwill accounting demonstrating the advantages of and arguments against the impairment-only approach to goodwill. It also highlights the sources of managerial discretion in testing goodwill for impairment and provides concluding remarks.