A Regional Study Of Listed Companies' Compliance with International Accounting Standards

Tower, Greg; Hancock, Phil; Taplin, Ross

doi:10.1111/1467-6303.00016

Cited by 79 publications

(92 citation statements)

References 11 publications

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“…This finding is consistent with Chalmers and Godfrey (2004), who also document a significantly positive relationship between size and FI disclosure. However, this result is inconsistent with a number of studies where the company size variable is insignificant (Glaum and Street, 2003;Hodgdon, 2004;Street and Bryant, 2000;Street and Gray, 2001;Tower et al, 1999). One possible explanation for the difference is that firm size is more heterogeneous among the current Jordanian sample than in other studies of developed countries.…”

Section: Insert Tables 4 and 5 Herecontrasting

confidence: 73%

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

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Abstract:The current study investigates factors affecting Financial Instruments (FI) disclosure for a sample of Jordanian listed companies (82 firms) over two consecutive years (2013 and 2014). An un-weighted disclosure index is used to examine the extent of FI disclosure. In addition, the study employs a number of multiple regression models to examine the determinants of FI disclosure. The findings indicate that the level of FI disclosure provided by the sample firms is relatively low with only 52% of FI-related items being supplied. In addition, the results illustrate that the level of FI-related disclosure has a statistically positive association with firm size, the audit firm employed and corporate governance attributes. However, the current study fails to document significant associations between FI disclosure and firm industry or ownership structure variables. This research provides a number of insights for policy makers. First, the results of the current study could help the IASB when revisiting FI-related accounting standards to consider an emerging country's perspective. In addition, it provides some insights to accounting regulators in Jordan about how Jordanian listed firms respond to IFRS 7 requirements.

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Section: Insert Tables 4 and 5 Herecontrasting

confidence: 73%

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

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“…Among these studies, a number have reported cases of significant non-compliance. Street and Gray (2000a,); Street and Bryant (2000); Tower, Hancock and Taplin (1999) ;Street, Gray and Bryant (1999);and Cairns (1999a) provided the initial evidence of significant non-compliance among companies purporting to use IAS. Street et al (1999) studied compliance with the ten IASs issued as part of the IASCs comparability project.…”

Section: Ifrss Compliancementioning

confidence: 99%

“…They stressed the importance of further training for accountants who are responsible for applying IAS in Kuwaiti companies to promote compliance. Tower et al (1999) undertook an empirical study of listed companies' compliance with IASs in Asia-Pacific countries. They measured compliance with IAS by extensive analysis of 1997 annual reports selected randomly from each of Australia, Hong Kong, Malaysia, Philippines, Singapore and Thailand.…”

Section: Ifrss Compliancementioning

confidence: 99%

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Compliance with International Financial Reporting Standards by Listed Companies in Ghana

Atsunyo¹,

Marfo-Yiadom²

2014

IJBM

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This study examined the extent to which companies listed on the Ghana Stock Exchange (GSE) comply with International Financial Reporting Standards' (IFRSs) presentation and disclosure requirement. With the aid of a checklist, an index of compliance was devised to quantify the level of compliance. This was applied to the 2010 financial statement of 31 companies listed on the GSE. Descriptive statistics was used to analyse the extent of compliance by companies categorised in line with industry classification of the GSE. The study further examined relationships between company attributes and the extent of compliance. In addition, factors influencing the extent of IFRSs compliance are revealed using correlation and multiple regression analysis. ANOVA was employed to explore statistically significant differences between industry types with regards to their extent of compliance.The findings revealed an overall mean compliance of 85.8% in Ghana. Company attributes of size, profitability, auditor type, internationality and industry type associate positively with IFRSs compliance. ANOVA results revealed differences between industry types with regards to their compliance rate.The study recommends that the Institute of Chartered Accountants Ghana liaise with regulators to organise regular training programmes for companies to provide a practical guide for full compliance since the IFRSs receive continuous amendment.

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“…The most widely used variables were total assets (e.g., Wallace & Naser, 1996;Inchausti, 1997;Owusu-Ansah, 1998;Tower et al, 1999;Ho & Wong, 2001;Naser et al, 2002;Camfferman & Cooke, 2002;Abdul Hamid, 2004;Haniffa & Cooke, 2005;Ali et al, 2004;Barako et al, 2006;Othman et al, 2009;Khan, 2010;Galani et al, 2011), total sales (e.g., Wallace et al, 1994;Meek et al, 1995;Inchausti, 1997;Depoers, 2000;Naser et al, 2002;Prencipe, 2004;Rouf, 2011) and market capitalization (e.g., Naser et al, 2006;Ghazali, 2007;Chatterjee & Mir, 2008). Consistent with the findings of the majority of prior studies, it is, therefore, hypothesized that:…”

Section: Corporate Sizementioning

confidence: 99%

Determinants of Audit Fees: Evidence from an Emerging Economy

Hassan¹,

Naser²

2013

IBR

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This study sets out to examine factors influencing audit fees paid by non-financial companies listed on Abu Dhabi Stock Exchange (ADX). Data were collected from the 2011 annual and corporate governance reports published by the Emirati non-financial companies listed on ADX. Backward regression analysis is employed to assess the association between audit fees and certain company's attributes. The findings show a direct relationship between audit fees and each of corporate size, business complexity and audit report lag variables. An inverse relationship has been detected between audit fees and each of industry type and audit committee independence. The findings also revealed that audit fees are not significantly influenced by company's profitability, risk, and status of audit firm.

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A Regional Study Of Listed Companies' Compliance with International Accounting Standards

Cited by 79 publications

References 11 publications

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Compliance with International Financial Reporting Standards by Listed Companies in Ghana

Determinants of Audit Fees: Evidence from an Emerging Economy

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