In the prior literature review section, the article discussed the generalized communication skills. For instance, the “Institute of Management Accounting” and the “American Institute of Certified Public Accountants” gives the preference of three major categories of skills including English, Interpersonal, and Writing. On the other hand, the article included the view of Jones (2011), suggests the significance of selected “computer-mediated communication skills” (Mascle, 2013). Based on the generalized idea provided by the article, results indicates that an effective written communication skills should include the content of clear and precise writing; correct grammar and spelling; proper documentation; conscious editing and revising; and the art of the effective use of e-mails. Giving more importance to identify the writing errors, the article did not suggest how faculty members resolve issue specifically related to the existing studies to accounting graduates. However, findings of the article help accounting educators to concentrate their restricted time on the suitable skill emphasis.
While discussing the accounting aspects to highlight written skills, faculties should concern more about reducing those errors which are most disturbing to the reader. The article should emphasize towards inspiring evidence to students for avoiding these errors in their writing. The article, however, has not provided any suggestion for improvising the patterns or approaches for faculties for resolving the bothersome errors in the institutional errors and grading rubrics. By focusing more on written communication errors and providing examples related to the errors present in the accounting majors can be helpful for the practicing accountants and other finance professionals. The article should incorporate aspects like errors finding in notes to financial statements, interdepartmental memos, plans and proposal communications with various stakeholders, written personal evaluations to enhance the article more informative. If the study gives more emphasize to address the communication skills and related errors between disciplines, then the budding accounting professionals could get more benefits from this article. To accommodate all these aspects and by changing perceptions of faculties, the article could improve its quality. Furthermore, this article might be more benefited if it suggests how accountants analyze their business documents more analytically. However, limited time constraints of the accounting educators are a major consideration for developing appropriate communication skills in their classroom.
By adopting the financial reporting standards, the organization can enhance the framework of the financial reporting in the global perspectives. The concerned article is all about how adoption of IFRS impacts on the preparation along with its use of financial reports (Maria, 2016). Furthermore, the article has critically examined how do changes in financial reporting standards impact on audit markets, auditor’s client relationships and the judgments of auditor. For the in-depth analysis, the researcher has taken the hypothesis that “IFRS” drives client firms to replace auditors to measure the behavior of the audit market. This has been observed that organizations often adopting IFRS by switching auditors due to “disagreements over implementation of new standards of reporting”. On the other hand, clients find difficulties due to while evaluating their proper implementation of the new standards of reporting. Such new standards may be the results of agency issues between managers and shareholders have become more evident around the adoption of IFRS. Raising uncertainty during this situation is the perfect example of the adoption of IFRS and auditors perceived the same. During the discussion of the second hypothesize, the article suggests that the adoption of IFRS gives the global auditor an expert advantages. The results lead to an increased frequency of clients switching from small auditors to the Global. However, clients of smaller organization prefer to keep small audit firms due to avoidance of increased costs related to the IFRS adoption.
Later the article discussed the strengths of the nation’s regulatory regime during the process of IFRS adoption (Maria, 2016). “The results indicate that firms often faced high quality regulation in the year of IFRS adoption, while the effect is deficient for those firms under the low-quality regulatory regimes” (Maria, 2016). Furthermore, an evidence of the article suggests that the frequency of replacing of global auditors in the year before the adoption of IFRS has been increased. This implication clearly indicates that some firms switch away from global auditors when preparing for adoption of IFRS.
The article clearly analyzes the impacts while auditor’s switching around IFRS adoption. The entire analysis has done considering the “sample of firms” from IFRS-adopting countries (Maria, 2016). To improvise the quality of the article, the researchers could incorporate the perspective of the IFRS adoption considering the individual countries as well. On the other hand, the article has not highlighted the impacts of IFRS jurisdiction while switching around auditor’s adoption (Maria, 2016). Therefore, the results of the study have not provided a comprehensive picture relating to the consequences of IFRS. Moreover, the article could incorporate the prior research studies to analyze the situation more emphatically in the literature review section. This could help to understand the country-level regulatory environment while auditor switching around IFRS adoption (Brüggemann et al. 2013). For instance, the organizations at USA may definitely face different regulatory environment during auditor switching from the other countries like Australia (Lamiri and Boubaker, 2016). The article could further enhance its quality by assessing the individual firms’ compliances with applicable standards of reporting. By this, the article could clear the concepts of the country-specific regulatory regime during the audit firm’s replacement process. Incorporating all these considerations, the article could improve its quality of content.
Brüggemann, U., Hitz, J. M. and Sellhorn, T. 2013. Intended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future research. European Accounting Review, 22(1), 1-37.
Lamiri, I. and Boubaker, A. 2016. Financial Markets’ Governance, Transparency and Informational Efficiency: Role of IfRS Norms, Auditors and Financial Analysts. IBR, 9(5), p.100.
Maria, W. 2016. The "Big" consequences of IFRS: How and When Does the Adoption of IFRS Benifits Global accounting Firms?. 1st ed.
Mascle, D. 2013. Writing Self-Efficacy and Written Communication Skills. Business Communication Quarterly, 76(2), pp.216-225.
Riley, T. and Simons, K. 2016. The written communication skills that matter most for accountants. 1st ed.
Terzi, S., Oktem, R. and Sen, I. 2013. Impact of Adopting International Financial Reporting Standards: Empirical Evidence from Turkey. IBR, 6(4).
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