Using Google Trends to track the global interest in International Financial Reporting Standards: Evidence from big data
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Date
2023-04
Type
Journal Article
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Fields of Research
ANZSRC::390405 Educational technology and computing, ANZSRC::350101 Accounting theory and standards, ANZSRC::330204 Building information modelling and management, ANZSRC::350302 Business information management (incl. records, knowledge and intelligence), ANZSRC::4601 Applied computing, ANZSRC::4602 Artificial intelligence, ANZSRC::4609 Information systems
Abstract
This study proposes a novel method for identifying international accounting differences under International Financial Reporting Standards (IFRS). Using Google Trends data extracted between January 2014 and August 2022, it creates an index, the Global IFRS/IAS Search Index (GISI), which comprises the search activities of 121 jurisdictions for 45 IFRS accounting standards. To assess its relative validity, I classify Nobes' (1983) 14 jurisdictions in addition to 20 OECD countries. The cluster analysis demonstrates that the GISI is a viable alternative for analyzing international differences under IFRS. The results indicate that incorporating big data could be beneficial for examining global accounting issues. A judgmental international classification of financial reporting practices.
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© 2023 The Author. Intelligent Systems in Accounting, Finance and Management published by John Wiley & Sons Ltd.
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