improved after the declaration. There is evidence that IFRS has positive effects on the level of earnings management because firms applying more IFRS have less earning management over time. IFRS adoption helped lowering the level of managing earnings toward targets. Nevertheless, the level of timely loss recognition is not significantly changed after the declaration, and the adoption of IFRS also has no effect on this aspect of quality. Keywords: Quality, Accounting, ASEAN economic community (AEC)