IFRSS Convergence and Expectation Gap: Evidence from Investors
The study has motivated to assess through online survey Indian stock market investors’ expectation gaps, if any
on IFRSs convergence. Review of related literature has guided to set two research hypotheses and the items of the
questionnaire. The reliability and validity of the instrument has been checked through protocol interviews followed by a pilot
study. Applying Judgmental sampling technique questionnaires have been mailed to shortlisted 450 stock market investors of
which 153 responses (34%) received till 20th November, 2017 which have been assessed to assay the gaps in four
parameters. Inferential statistics have validated for likely to reject the null hypotheses and it has concluded that Indian
regulatory requirements likely have influenced the convergence and such convergence would probably improve corporate
reporting practices, quality of audit reports and practitioners’ forecasting. It has duly acknowledged limitations, pointed out
practical implications and has chalked out future research roadmap.
Keywords - Expectation gaps, Ind AS, investors, on line survey, inferential statistics.
JEL - C83, M41.