The Impact Of International Financial Reporting Standards (IFRS) On Conditional Conservatism In The Financial Statements Of Non-Financial Industry Sectors In The United Arab Emirates

Abstract

The research objective of this study is to shed light on the impact of adoption the International Financial Reporting Standards (IFRS) on accounting conservatism in the financial statements of all non-financial industry sector companies listed on the stock exchange in the United Arab Emirates during the period from 2010 to 2019. The study investigates the change in the level of conservatism before and after the mandatory adoption of IFRS and its impact on financial statements, in order to identify the results of implementing IFRS. Basu's (1997) scale was used to measure accounting conservatism in the financial statements. The results of the study indicate an impact of implementing IFRS on accounting conservatism, where there was a decrease in the level of accounting conservatism after the adoption of IFRS in the financial statements of non-financial industry sector companies in the United Arab Emirates.