An empirical investigation of multinational firms' compliance with International Accounting Standards

El-Gazzar, Samir M.; Finn, Philip M.; Jacob, Rudy A.

doi:10.1016/s0020-7063(99)00005-9

Cited by 161 publications

(105 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Since the full set IFRS was the prior project of the IASB, a significant number of studies has dealt with this set (see, for example, Dumontier & Raffournier, 1998;El-Gazzar et al, 1999;Murphy, 1999;Georgiou, 2010;Iatridis & Rouvolis, 2010;Bahadır et al, 2016;Uyar et al, 2016). After the issuance of the IFRS for SMEs, a considerable number of studies have investigated the perceptions and views of the accounting practitioners about this standard, especially in emerging countries (see, for example, Van Wyk & Rossouw, 2009;Siam & Rahahleh, 2010;Albu et al, 2013;Uyar & Güngörmüş, 2013;Kılıç et al, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Kılıç¹,

Uyar²

2017

JAMIS

View full text Add to dashboard Cite

In 2009, the International Accounting Standards Board (IASB) issuedInternational Financial Reporting Standards (IFRS) for Small and Medium-sized Entities (SMEs) as a simplified version of the full IFRS addressing the financial reporting needs of SMEs. Although IFRS for SMEs is still not required in this jurisdiction, Turkey was one of the first ones that have taken substantive steps towards adoption of IFRS for SMEs. The main purpose of this research is to investigate the perceptions of Turkish accountants, academicians, and auditors regarding the adoption process of IFRS for SMEs via in-depth interview methodology. The findings of the research confirmed the need for a stand-alone standard set for SMEs. The interviewees asserted that more simplification on IFRS for SMEs may hinder comparability of financial statements. While high-quality financial information will be the most important advantage of applying IFRS for SMEs, cost burdens on firms and lack of trained personnel will be the major obstacles for the implementation process.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Kılıç¹,

Uyar²

2017

JAMIS

View full text Add to dashboard Cite

show abstract

“…The studies on the adoption of IAS/IFRS by European companies investigate the implications of the introduction of this set of international accounting standards by adopting two main research approaches: a first group of studies focuses on the transition and implementation of IAS/IFRS and in particular it highlights their effects for firms (Jermakowicz, 2004;Street and Larson, 2004;Sucher and Jindrichovska, 2004;Vellam, 2004) and for local and international regulators (Weißenberger et al, 2004;Haller and Eierle, 2004;Shipper, 2005;Whittington, 2005); a second category investigates the financial reporting under IAS/IFRS with reference to the compliance to IAS/IFRS (Emenyonu and Gray, 1996;Dumontier and Raffounier, 1998;El-Gazzar et al, 1999;Murphy, 1999;Street and Bryant, 2000;Ashbaugh, 2001;Glaum and Street 2003;Tarca, 2004;Cuijpers and Buijink, 2005) and the quality of information under IAS/IFRS (Ashbaugh and Pincus, 2001;Hung and Subramanyam, 2004;Barth et al, 2005;Van Tendeloo and Vanstraelen, 2005).…”

Section: Prior Researchmentioning

confidence: 99%

Conceptual Issues and Challenges in IFRS Research : Towards a Comprehensive Research Framework

Kulkarni

Aanand

2017

Indian Journal of Finance

View full text Add to dashboard Cite

Abstract:The European Commission has required the adoption of IAS/IFRS in order to harmonize financial reporting standards for European listed companies as of 1 January 2005. Converting to IAS/IFRS has represented much more than a change in accounting rules, and firms' main concern has been to understand the extent to which accounting differences between national GAAP and IAS/IFRS could affect their reported performance. The purpose of the paper is to address this concern by providing empirical evidence of the nature and the size of the differences between Italian GAAP and IAS/IFRS. The total and individual differences between Italian accounting principles and IAS/IFRS are identified in the reconciliations of net income and shareholders' equity of Italian listed companies in order to show the major impacts of the conversion to IAS/IFRS. The findings indicate a more relevant total impact of such a transition on net income than shareholders' equity. The individual adjustments show a more significant discrepancy between the two set of standards in the accounting treatment of business combination, provisions, financial instruments and intangible assets with reference to both net income and shareholders' equity; while the individual accounting differences in income taxes, and property, plant, and equipment show a significant difference only on shareholders' equity.

show abstract

“…Owusu-Ansah (1998) has argued for a positive association because affiliates of multinational companies are likely to have more sophisticated financial reporting systems that facilitate greater disclosure in their annual reports than other local non-affiliated companies. El-Gazzar et al (1999) found a number of factors influencing the multinational firms' compliance with IAS. Such arguments seem relevant to the SMEs' context because smaller firms are often affiliated with larger companies.…”

Section: International Journal Of Accounting and Financial Reportingmentioning

confidence: 99%

Differences between National Reporting Practices and IFRS for SMEs Presentation and Disclosure Requirements: Evidence from Italy

Valentinetti

Rea

Basile

2016

ijafr

View full text Add to dashboard Cite

The aim of this paper is to assess the differences between the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) requirements and national financial reporting practices. For this purpose, the IASB's checklist was applied to a sample of financial statements prepared in Italy by non-listed manufacturing companies. The results reveal the major differences existing in the presentation of financial statements, as well as in narrative disclosure practices in management commentary and notes. Furthermore, econometric analysis suggests that the differences are influenced by certain exploratory ISSN 2162-3082 2016 factors, namely, profitability, leverage, size and parent company relationship. This study offers new insights into the roles of certain exploratory factors that are likely to influence the movement towards the application of the IFRS for SMEs. International Journal of Accounting and Financial Reporting

show abstract

An empirical investigation of multinational firms' compliance with International Accounting Standards

Cited by 161 publications

References 4 publications

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Adoption process of IFRS for SMEs in Turkey: Insights from academics and accountants

Conceptual Issues and Challenges in IFRS Research : Towards a Comprehensive Research Framework

Differences between National Reporting Practices and IFRS for SMEs Presentation and Disclosure Requirements: Evidence from Italy

Contact Info

Product

Resources

About