Alison Fox, Gwen Hannah, Christine Helliar and Monica Veneziani, ‘The costs of and benefits of IFRS implementation in the UK and Italy’,45 summarise interviews, conducted between January 2006 and May 2007 with 32 people involved in financial reporting in Ireland (five), Italy (eight) and the UK (19). A number of those interviewed express scepticism that changes in disclosure affect the cost of capital.