施工実績

We know that effortless binary character from IFRS could be to cause prejudice in the show because swimming pools the results of every adoption will set you back with other decades (Higgins ainsi que al., 2016). For this reason, we defeat so it restrict because of the disaggregating for every IFRS season towards the a separate dummy varying.

The outcome is shown during the Dining table 6. Articles step one and you can 2 support the consequence of early adopters toward audit charge and you can auditing day, correspondingly. Both in audit charges and you can auditing day, the new coefficient from IFRS-1, IFRS0 and you will IFRS+1 is actually confident and you may tall, appearing a rise in review date add up to a rise in review charges within change so you can IFRS and one-year article-IFRS period. Having said that, the results recently adopters into the Articles 3 and you will cuatro tell you your rise in review costs and you can go out was significant simply at use year. Which is, review charges and auditing big date had been rather high only in the seasons where in fact the agency prepared their earliest IFRS financial statement. Very early adopters have got a revolutionary improvement in accounting solutions, including the higher cost of knowledge teams considering the use up all your of past expertise in IFRS, and the observed complexities to it. Later adopters had the advantage of studying regarding earlier adopters out-of the real requirements out-of IFRS instead of excessive resource.

The results from inside the Dining table six, thus, provide even more proof and you may confirm the findings that IFRS adoption is actually of this a rise in audit charges, and you may auditing big date is far more noticable in early adopters and you may barely non-current in later adopters.

6.5 Robustness see

To help look at the robustness your results, we use the marginal a style of audit costs, and you may auditing day instead dimensions for the based variable. The latest marginal form are determined due to the fact seasons to your year alter during the audit fees otherwise audit go out. Regarding review charges, i utilize the rising cost of living-adjusted data. The results is actually shown inside the Desk 7. Articles step one and you will dos hold the quote consequence of very early adopters if you’re that of later adopters is actually demonstrated for the Articles 3 and you will 4. The results commonly qualitatively unlike regarding area of the contributes to Desk 4; and that, our conclusions that the aftereffect of IFRS use toward audit charge and you can auditing big date try powerful in order to an option dimensions out-of variables.

7. Achievement

There are plentiful and nearly unanimous findings one to IFRS is an effective complex gang of conditions you to definitely increases the cost of auditing in order to a firm (Cameran and you can Peroti, 2014; De George mais aussi al., 2013; Griffin ainsi que al., 2009; Hassan mais aussi al., 2014; Higgins et al., 2016; Lin and you may Yen, 2016, with the Asia; Rished and Al-Saeed, 2014; Yaacob and you can Che-Ahmad, 2012). Yet not, most of these findings are derived from a sample away from very early adopters no recommendations to late adopters. Because the advised by Key and Kim (2020), the action, exposure and you may bonuses lately adopters are quite not the same as very early adopters; and that, the end result is also other. Hence, contained in this report, i’ve use the book configurations away from IFRS adoption of the one or two other African countries to look at if the effectation of IFRS with the review charge and you will auditing day varies between early and you will late adopters. Africa provides an appropriate mode with the studies because of the reduced use in the region and you will extreme more following decades anywhere between new countries. In addition to, the location has not yet attracted far attract regarding the IFRS-auditing impression literature. South Africa implemented IFRS from inside the 2005 which will be branded as the early adopters once the use because of the Nigeria within the 2012 is generally accepted as late implementing.

The results talk in favour of the disagreement that matchmaking between IFRS adoption and you may audit fees, also auditing big date, disagree between very early adopters and later adopters. Particularly, we find one to very early adopters experience a life threatening upsurge in review charge and big date because of IFRS adoption. Although not, in the example of late adopters, even in the event audit charge increase, it’s barely tall. Our efficiency indicate that very early adopters out of IFRS paid off a made for being the first users of one’s requirements, through the upsurge in review charges and you can audit time. In the then analyses, we find your positive relationships anywhere between IFRS and you may audit fees and you may auditing day is actually high during the transition season upon you to definitely-seasons blog post-IFRS adoption. However in the situation lately adopters, the relationship was significant just use season. The outcome is actually powerful to an option dimensions away from audit charge and auditing go out.