Purpose: To investigate how experience and accountability affect the information selection abilities of the professional accountants while applying the International Financial Reporting Standards (IFRS). Originality: Prior studies in auditing and psychology have considered the effect of experience and accountability separately on the information selection abilities of individuals. There has been no study done in accounting which has investigated the interaction of experience and accountability on the information selection abilities of the professional accountants. Key literature: Gibbins (1984); Waller & Felix (1984a) and (1984b); Choo & Trotman (1991); Libby & Luft (1993); Arnold (1997); Shelton (1999); Bovens (2007); Lehman & Norman (2006) and Rose (2007) and Clor-Proell and Nelson (2007). Design/methodology/approach: An Experiment, using the professional accountants as the subjects, will be undertaken in the CPA congress held in Sydney, Australia in October 2010. Findings: It is expected that more experienced and non accountable accountants are less likely to be impacted by irrelevant information and would select more relevant information while less experienced and accountable accountants are likely to be impacted by both relevant and irrelevant information.Research implications: This study will add to the literature of experience and accountability. Practical and Social implications: Accounting regulators, such as the Australian Accounting Standards Board, could review accounting standards in order to reduce the ambiguities that prejudice professional accountants in exercising their judgments. This study will also provide empirical evidence on how well professional accountants are able to distinguish between relevant and irrelevant information. Accounting educators in Australia and elsewhere may then like to ensure that the intended meaning of concepts in accounting standards are effectively communicated to tertiary students from different national backgrounds.
|Number of pages||2|
|Journal||Higher Degree Research Expo 2010 : book of abstracts|
|Publication status||Published - 2010|
|Event||Higher Degree Research Expo (6th : 2010) - Sydney|
Duration: 19 Nov 2010 → 19 Nov 2010
- Relevant Information
- Irrelevant Information