Impact of IFRS Implementation on Accounting Quality Through Disclosure and Transparency A Study on Expert Perception

Abstract

newlineImpact of IFRS Implementation on Accounting Quality through Disclosure and newlineTransparency- A Study on Expert Perception newlineAbstract newlineIndia s convergence with International Financial Reporting Standards (IFRS) through the newlineadoption of Indian Accounting Standards (Ind AS) marks a significant milestone in the newlineevolution of its financial reporting framework. This reform was driven by the need to enhance newlinedisclosure practices, comparability, and transparency in financial statements, aligning them newlinewith global standards. The present study examines the impact of IFRS implementation on newlineaccounting quality, emphasizing the mediating roles of disclosure and transparency. Grounded newlinein Agency Theory and Signaling Theory, it explores how IFRS-based disclosure practices newlineinfluence financial transparency, value relevance, and the overall quality of accounting newlineinformation. The study adopts a descriptive research design and is based on expert perceptions newlinecollected from 380 Chartered Accountants in Bengaluru India s leading financial hub for newlineIFRS-compliant firms. Stratified and snowball sampling techniques were employed to ensure newlinediversity in responses, and data were analyzed using SPSS and AMOS through Confirmatory newlineFactor Analysis (CFA) and Structural Equation Modeling (SEM). newlineThe results reveal that IFRS implementation significantly enhances disclosure practices, which newlinesubsequently strengthen transparency and accounting quality. Transparency emerged as a newlinecrucial mediator between disclosure and accounting quality, underscoring its central role in newlineimproving the credibility and decision-usefulness of financial information. Although value newlinerelevance showed a positive association, its direct impact on accounting quality was found to newlinebe insignificant. The study highlights that effective IFRS implementation not only improves newlinethe reliability of financial statements but also fosters investor confidence and market efficiency. newlineIt recommends stronger regulatory oversight, simplification of disclosure formats, and newlinecontinuous professional development initiatives to bridge the gap between regulatory intent newlineand practical application. Overall, the findings affirm that IFRS convergence in India has newlinemoved beyond compliance to foster a culture of transparency, accountability, and global newlinecomparability in financial reporting.