Enforcement of accounting standards and the quality of financial information

Abstract

The purpose of this article is to analyse a brief literature review on the enforcement of accounting standards and its impact on the quality of financial information. To achieve this objective, a search was carried out on
Web of Science and Scopus for the years X-X. Although the application of IFRS is fundamental to the transparency and comparability of financial statements, studies show that their adoption alone does not guarantee significant improvements in the quality of reporting. Effective enforcement is crucial to reduce earnings manipulation. The results show that countries with strong enforcement, such as the UK and Germany, reap greater benefits from adop
ting IFRS, while countries with weaker enforcement mechanisms may face an increase in earnings management.
The scarcity of studies on the impact of enforcement highlights the need for more in-depth research on this topic.