As part of a larger IFRS review project, the Australian Accounting Standards Board (AASB) has published Research Report No. 3 ‘The impact of IFRS adoption in Australia: Evidence from academic research’. After more than ten years of application of IFRSs in Australia, the AASB is looking into whether IFRS has improved the quality of financial reporting in Australia und whether it has improved comparability of Australian entities’ financial reporting with their global peers.