However, the difference and the improvement
of the accounting quality may not be all attributable
to the declaration of AEC establishment and the
degree of IFRS adoption. There are also changes
in incentives and other economic environment
that may be missing from the factors used in this
research. Some of the tests used for finding quality
metrics reveal not totally consistent results, which
cause the difficulty in forming conclusion. This issue
is needed to be investigated more by conducting
other accounting quality metrics or indicators to
verify the validity of this research’s conclusions.
Furthermore, there is still controversy about the
timely loss recognition whether it is a suitable
indication for high quality accounting amount.