Financial Markets Governance

Discuss about the Financial Markets Governance.

This article has taken the first attempt towards the written communication skills in the accounting curriculum (Riley and Simons 2016). Devoting time to improving writing of students along with guiding the institutional content is indeed a challenging part as per the faculty’s point of view. However, evidence of the article suggests that effective skills for communication to the discipline of accounting must be incorporated in the syllabus of the entry-level accountants. However, the studies fill the space in the literature by an attempt to inform accounting educators so they may focus their time on the appropriate instruction. By an in-depth analysis of the article, this has been evaluated that it is completely depends on the interest of faculties, showcasing the efforts of communication aspects in the curriculum of accounting. However, issues are raised because the majority of faculties are not experts in teaching and grading communication skills of students.

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.

Improvised aspects of the article:

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.

Critical reflection of the quality of the Article:

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.

Improvised aspects of the article:

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).

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Boom Grades
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Religious studies
I recommend this service they always help. I got an A in this project thanks.
Customer 452507, October 5th, 2021
Classic English Literature
Awesome Job... you are the best!
Customer 452531, November 27th, 2021
Thank you so much this looks great !!!!
Customer 452585, November 4th, 2023
English comp
Got a 94% thank you!
Customer 452509, June 27th, 2021
Exercise Science
Thank you so much for your time.
Customer 452545, December 5th, 2021
Absolutely LOVE having help especially from the person who wrote this last one. THANK YOU
Customer 452529, November 19th, 2021
English 101
perfect! thanks!
Customer 452543, December 1st, 2021
world civilization
Thank you for the quick response
Customer 452509, June 27th, 2021
english comp
Thank you for all your hard time.
Customer 452509, June 27th, 2021
english comp
Great paper and done before the deadline. Thank you
Customer 452509, June 15th, 2021
Great content.
Customer 452549, February 8th, 2022
Classic English Literature
Absolutely LOVE the essay I received. I really appreciate it so much.
Customer 452529, October 25th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat