This research monograph examines whether International Financial Reporting Standards (IFRS) are interpreted and applied in a consistent manner within and across countries, and questions the implicit assumption that accounting convergence will automatically lead to comparability in financial reporting. Its review of the accounting judgment and decision making research published in the five top-tier accounting journals over the last forty years shows that there is a limited number of studies that have examined the importance of consistency in interpreting and applying a single set of accounting standards. Furthermore, the monographs and reviews on audit judgment and decision making research published over the years have strengthened this strand of research in auditing by providing insights and suggesting avenues for future research. However, limited comprehensive reviews have been published so far for the research undertaken in the domain of accounting judgment. This research monograph provides empirical evidence on the factors that act as constraints on achieving the objectives of convergence of financial reporting.
1.Introduction -- 1.1.Introduction -- 1.2.Aim and Objectives -- 1.3.Contributions of the Monograph -- 2.International Convergence of Financial Reporting Standards: Evidence from the South Pacific Region -- 2.1.Introduction -- 2.2.Country-Specific Attributes Influencing Convergence and Framework for Convergence and Harmonization -- 2.3.Convergence and Harmonization in the South Pacific Region -- 2.4.Conclusions and Implications -- 3.A Critique of the Influence of Globalization and Convergence of Accounting Standards in Fiji -- 3.1.Introduction -- 3.2.The International Accounting Standards Board and its Primary Beneficiaries -- 3.3.The Process of Convergence in Fiji and the Influence of Public and Private Interests -- 3.4.A Review of Policy Options and Conclusions -- 4.Accounting Judgment and Decision-Making Research: Evaluation of Publications in Top-Tier Accounting Journals (1970-2010) -- 4.1.Introduction -- 4.2.Scope of Accounting Judgment and Decision-Making Research -- 4.3.Research Categories -- 4.4.Conclusions and Implications -- 5.Judgments Based on Interpretation of "New" and "Complex" International Financial Reporting Standards (IFRS) Within a Country: Evidence from Fiji -- 5.1.Introduction -- 5.2.Background -- 5.3.Theory and Hypotheses Development -- 5.4.Research Method -- 5.5.Results and Discussion -- 5.6.Conclusions and Implications -- 6.Cultural and Noncultural Factors Affecting Judgments of Professional Accountants: A Comparative Study of Australia and Fiji -- 6.1.Introduction -- 6.2.Background -- 6.3.Theory and Hypotheses Development -- 6.4.Research Method -- 6.5.Results and Discussion -- 6.6.Conclusions and Implications -- 7.Implications and Directions for Future Research -- 7.1.Overall Conclusions and Further Implications -- 7.2.Limitations and Suggestions for Future Research -- 7.3.Further Issues in Accounting Convergence.