Examination of the accounting policies presented in the notes of bank financial statements disclosures in terms of internatioanl financial reporting standards

This study is made to see the compliance level of banks to the IFRS by selecting the financial table sets of banks of six countries including Turkey and five EU countries. Countries covered by the study are the largest four countries that holding the total assets of the banking sector according to European Central Bank data; Germany, England, France, Italy and Scandinavian country, Sweden. The financial statements sets are examined in order to see the level of checking the requirements of IFRS. Financial reporting differences of the Central, North and South European countries are attempted to be seen by this selection. Sample data of this study belongs to the financial statements of the year 2014. In conclusion of this study, the banks in this sample study, mostly comply with IFRS requirements. The lack of a clear format in presentation financial statements continued to cause difficulties and Turkish bank was also seen that doing IFRS compliant reporting like important global banks.