The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidence
Autor(a) principal: | |
---|---|
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://scielo.pt/scielo.php?script=sci_arttext&pid=S1645-99112009000200005 |
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. |
id |
RCAP_c494bded2018096893e4aa134c436ec1 |
---|---|
oai_identifier_str |
oai:scielo:S1645-99112009000200005 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
The Interpretation of Verbal Probability Expressions Used in the IAS/IFRS: Some Portuguese Evidenceverbal probability expressions (VPE)IAS/IFRSauditorscomparabilityOne 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 Ave2009-12-01info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articletext/htmlhttp://scielo.pt/scielo.php?script=sci_arttext&pid=S1645-99112009000200005Tékhne - Revista de Estudos Politécnicos n.12 2009reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttp://scielo.pt/scielo.php?script=sci_arttext&pid=S1645-99112009000200005Teixeira,CláudiaSilva,Ana Fialhoinfo:eu-repo/semantics/openAccess2024-02-06T17:19:31Zoai:scielo:S1645-99112009000200005Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:27:14.519880Repositório 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 (VPE) IAS/IFRS auditors comparability |
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 Silva,Ana Fialho |
author_role |
author |
author2 |
Silva,Ana Fialho |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Teixeira,Cláudia Silva,Ana Fialho |
dc.subject.por.fl_str_mv |
verbal probability expressions (VPE) IAS/IFRS auditors comparability |
topic |
verbal probability expressions (VPE) IAS/IFRS auditors comparability |
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 |
2009-12-01 |
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://scielo.pt/scielo.php?script=sci_arttext&pid=S1645-99112009000200005 |
url |
http://scielo.pt/scielo.php?script=sci_arttext&pid=S1645-99112009000200005 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
http://scielo.pt/scielo.php?script=sci_arttext&pid=S1645-99112009000200005 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
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 |
Tékhne - Revista de Estudos Politécnicos n.12 2009 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 |
repository.mail.fl_str_mv |
|
_version_ |
1799137345450016768 |