The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence
Autor(a) principal: | |
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Data de Publicação: | 2009 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10174/6262 |
Resumo: | One of the main arguments in favour of the adoption and convergence with the international accounting standards published by the IASB (i.e. IAS/IFRS) is that these will allow comparability of financial reporting across countries. However, because these standards use verbal probability expressions (e.g. “probable”) they require professional accountants to interpret and classify the probability of an outcome or event taking into account those terms and expressions and to best decide in terms of financial reporting. This paper reports part of a research on the interpretation of verbal probability expressions used in the IAS/IFRS by the auditors registered with the Portuguese Securities Market Commission (CMVM). This analysis was made “in isolation”, that is, without considering a context. The findings show that these terms and expressions are differently perceived by the auditors. Thus the paper provides evidence that suggests that it is fair to review the use of verbal probability expressions in accounting standards, namely the IAS/IFRS. |
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The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidenceverbal probability expressionsIAS/IFRSOne of the main arguments in favour of the adoption and convergence with the international accounting standards published by the IASB (i.e. IAS/IFRS) is that these will allow comparability of financial reporting across countries. However, because these standards use verbal probability expressions (e.g. “probable”) they require professional accountants to interpret and classify the probability of an outcome or event taking into account those terms and expressions and to best decide in terms of financial reporting. This paper reports part of a research on the interpretation of verbal probability expressions used in the IAS/IFRS by the auditors registered with the Portuguese Securities Market Commission (CMVM). This analysis was made “in isolation”, that is, without considering a context. The findings show that these terms and expressions are differently perceived by the auditors. Thus the paper provides evidence that suggests that it is fair to review the use of verbal probability expressions in accounting standards, namely the IAS/IFRS.Instituto Politécnico do Cávado e do Ave2012-12-03T21:57:25Z2012-12-032009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/6262http://hdl.handle.net/10174/6262engTeixeira, C. e Fialho Silva, A. (2009): “ The Interpretation of Verbal Porbability Expressions Used in the IAS/IFRS: Some Portuguese Evidence”, Tékhne- Revista de Estudos Politécnicos, nº12, Dezembro, pp.57-73.1645-9911ndafialho@uevora.pt256Teixeira, CláudiaFialho Silva, Anainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:39:32Zoai:dspace.uevora.pt:10174/6262Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:58:25.445823Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
title |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
spellingShingle |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence Teixeira, Cláudia verbal probability expressions IAS/IFRS |
title_short |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
title_full |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
title_fullStr |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
title_full_unstemmed |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
title_sort |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence |
author |
Teixeira, Cláudia |
author_facet |
Teixeira, Cláudia Fialho Silva, Ana |
author_role |
author |
author2 |
Fialho Silva, Ana |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Teixeira, Cláudia Fialho Silva, Ana |
dc.subject.por.fl_str_mv |
verbal probability expressions IAS/IFRS |
topic |
verbal probability expressions IAS/IFRS |
description |
One of the main arguments in favour of the adoption and convergence with the international accounting standards published by the IASB (i.e. IAS/IFRS) is that these will allow comparability of financial reporting across countries. However, because these standards use verbal probability expressions (e.g. “probable”) they require professional accountants to interpret and classify the probability of an outcome or event taking into account those terms and expressions and to best decide in terms of financial reporting. This paper reports part of a research on the interpretation of verbal probability expressions used in the IAS/IFRS by the auditors registered with the Portuguese Securities Market Commission (CMVM). This analysis was made “in isolation”, that is, without considering a context. The findings show that these terms and expressions are differently perceived by the auditors. Thus the paper provides evidence that suggests that it is fair to review the use of verbal probability expressions in accounting standards, namely the IAS/IFRS. |
publishDate |
2009 |
dc.date.none.fl_str_mv |
2009-01-01T00:00:00Z 2012-12-03T21:57:25Z 2012-12-03 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10174/6262 http://hdl.handle.net/10174/6262 |
url |
http://hdl.handle.net/10174/6262 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Teixeira, C. e Fialho Silva, A. (2009): “ The Interpretation of Verbal Porbability Expressions Used in the IAS/IFRS: Some Portuguese Evidence”, Tékhne- Revista de Estudos Politécnicos, nº12, Dezembro, pp.57-73. 1645-9911 nd afialho@uevora.pt 256 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Instituto Politécnico do Cávado e do Ave |
publisher.none.fl_str_mv |
Instituto Politécnico do Cávado e do Ave |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799136467148079104 |