IFRS 9 – Financial instruments: determinant factors of the influence of comment letters in relation to the IASB exposure draft (ED/2013/3)

Abstract

The purpose of this article is to analyze if there is influence of the comments of the users of the accounting information in relation to their responses linked to the IASB process duo in the IFRS 9 - Financial Instruments. We analyzed 136 comment letters that answered both questions 4 and 5 of the Exposure Draft (ED 2013/3). In order to achieve the objective, it was analyzed whether respondents agreed or disagreed with the proposal and, in comparison with the final standard, it was analyzed whether such responses were successful or not. Quantitatively, the econometric model of logistic regression (LOGIT) was used to verify the significance of the influence. Two hypotheses were tested, one regarding the influence of the United States on the Standard and another on financial institutions. Of the two hypotheses of the study, only H2 obtained partial confirmation, showing a significant influence of the financial institutions in the decisions of the IASB.

Keywords

• ifrs 9
• iasb
• comment-letters
• instrumentos financeiros