Holger Daske, Luzi Hail, Christian Leuz and Rodrigo Verdi, ‘Mandatory IFRS reporting around the world: early evidence on the economic consequences’, look at evidence from 26 countries (eight non-EU) where there has been mandatory IFRS adoption. 38% of the 8,726 sample firms come from non-EU countries, notably Australia, Hong Kong, Singapore and South Africa, and 46% of the firm-years for mandatory adopters are for non-EU firms.