The impact of mandatory IFRS adoption on financial analysts´ earnings forecasts in Spain

  1. Garrido Miralles, Pascual
  2. Sanabria García, Sonia
Revista:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Año de publicación: 2014

Número: 162

Páginas: 111-131

Tipo: Artículo

DOI: 10.1080/02102412.2014.911587 DIALNET GOOGLE SCHOLAR

Otras publicaciones en: Revista española de financiación y contabilidad

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IFRS are closer to countries with an Anglo-Saxon accounting system, where professional practice takes the initiative in producing accounting rules. Therefore, we are very interested in the impact of IFRS in Spain to be of interest as there is very little contribution from private initiative to accounting regulations, and accounting rules are normally issued by the public sector. For example, the general regulatory activity is carried out by the Institute of Accounting and Accounts Auditing (ICAC – Instituto de Contabilidad y Auditoría de Cuentas), insurance company accounting is the responsibility of the Insurance Regulatory Authority (Dirección General de Seguros), the Bank of Spain regulates accounting for banks and credit institutions; accounting requirements for companies listed on the stock exchange are the competence of the Spanish Securities Exchange Commission (CNMV) and the State Intervention Office (Intervención General de la Administración del Estado) regulates public authority accounting.

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