Comparing the Strength of Auditing and Reporting Standards and Investigating their Predictors in Europe and Asia

Boolaky, Pran Krishansing; Cooper, Barry

doi:10.1111/auar.12058

Cited by 22 publications

(54 citation statements)

References 38 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This study is not the first to explore connections between WEF survey results and accounting environments (Boolaky et al, 2013;Boolaky, 2012;Boolaky and Cooper, 2015). These studies rely on cross-national comparisons of survey results using regression models.…”

Section: Methods/data Descriptionmentioning

confidence: 99%

IFRS Adoption in Developing Countries: What Is the Impact?

Gingrich¹,

Kratz²,

Faraci³

2018

ijafr

View full text Add to dashboard Cite

This study explores the impact of mandatory adoption of the International Financial Reporting Standards (IFRS) in developing countries on business leaders’ perceptions of the overall accounting and financial environment. The study employs survey data from the World Economic Forum’s Global Competitiveness Report to gauge business leaders’ perceptions of the accounting and financial environment. Eight countries across Latin America, Africa, and Asia comprise case studies, all of whom recently adopted mandatory IFRS use for publicly listed companies. Each survey variable is tracked over time, comparing pre and post IFRS adoption, vis-à-vis the same variable in a control country that did not adopt IFRS. IFRS adoption shows mostly positive impacts on the accounting environment in four cases. The impact of adoption in the other three countries is mostly insignificant. These results should encourage policymakers in developing countries to improve auditing and enforcement practices to increase the likelihood of positive results from IFRS adoption.

show abstract

Section: Methods/data Descriptionmentioning

confidence: 99%

IFRS Adoption in Developing Countries: What Is the Impact?

Gingrich¹,

Kratz²,

Faraci³

2018

ijafr

View full text Add to dashboard Cite

show abstract

“…The GCR of the WEF is used as a main data source for a number of reports prepared by national, regional and international organisations as well as in the economics literature, but its use has so far been very limited in accounting (see Francis et al. ; Black and Carnes ; Boolaky ; Boolaky and Cooper ; Houqe et al. ).…”

Section: Methodsmentioning

confidence: 99%

“…; Christensen et al. ; Boolaky and Cooper ). However, none of these studies explicitly considers the role of ISA and IFRS adoption and the type of political system on ARQ.…”

mentioning

confidence: 99%

“…The use of the WEF in the accounting literature is fairly recent but emerging (see Houqe et al. ; Boolaky and Cooper ). Amongst the various themes collected from a survey of corporate leaders, the WEF seeks to evaluate their perceptions of ARQ in their home country.…”

mentioning

confidence: 99%

“…Our central thesis is that such variations in ARQ will be due to different levels of adoption and implementation of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA), legal systems including laws related to investor protection, the extent of professional management, securities regulations and the corporate governance practices of a country (La Porta et al, 1997La Porta 2006;Leuz et al 2003;Schockaert and Houyoux 2007;WEF 2009;Nobes 2010;Lont and Wong 2010;Boolaky 2012;Houque et al 2012;Christensen et al 2014;Boolaky and Cooper 2015). However, none of these studies explicitly considers the role of ISA and IFRS adoption and the type of political system on ARQ.…”

mentioning

confidence: 99%

See 2 more Smart Citations

The Perceptions and Determinants of Auditing and Reporting Quality in the Asia‐Pacific Region

Boolaky

Soobaroyen

Quick

2018

Australian Accounting Review

View full text Add to dashboard Cite

A country's institutional environment significantly influences perceptions of auditing and reporting quality (ARQ) at the national level. Relying on a relatively unique measure of ARQ, collated by the World Economic Forum, we evaluate the influence of nine key isomorphic pressures on the ARQ in 26 Asia‐Pacific countries. The results suggest that six of these (the efficacy of the corporate board, securities exchange regulations, reliance on professional management, protection of minority interests, adoption of international financial reporting and prevalence of foreign ownership) have a highly significant influence on the perception of ARQ whereas adoption of international standards on auditing is only moderately significant. However, contrary to expectations, our findings do not support the argument that the efficiency of legal frameworks and political systems significantly influences the perceptions of auditing and reporting quality in the Asia‐Pacific region. These results should be of use to investors and the accounting profession in evaluating economic environments.

show abstract

The influence of coercive pressures on reporting on SDGs during the COVID‐19 pandemic: An international study

Sari,

Sholihin,

Wijayana

2024

Sustainable Development

View full text Add to dashboard Cite

The sustainable development goals (SDGs) are recognized as global development guidelines for 2030. The accounting profession can contribute to achieving these goals by encouraging reporting on SDGs at the company level. The increasing awareness of the contribution of businesses to the achievement of the SDGs is one of the reasons for the improvement in the practice of reporting by companies. This research is secondary data‐based accounting research that aims to analyze the quality of reporting on SDGs and whether coercive pressures in the form of regulatory quality, sustainability regulations, and the strength of audit and reporting standards were determinants of the quality of reporting on SDGs in the era of the COVID‐19 pandemic. The results of this study show that, on average, companies reported on 10 of the SDGs (56% of the 17) during the COVID‐19 pandemic. Further, this study found that coercive pressures in the form of regulatory quality, sustainability regulations, and the strength of audit and reporting standards positively affected the quality of reporting at the country and company levels. These results may imply that reporting on SDGs in the pandemic era was defensive reporting that sought to maintain legitimacy and was mainly driven by formal pressures.

show abstract

Comparing the Strength of Auditing and Reporting Standards and Investigating their Predictors in Europe and Asia

Cited by 22 publications

References 38 publications

IFRS Adoption in Developing Countries: What Is the Impact?

IFRS Adoption in Developing Countries: What Is the Impact?

The Perceptions and Determinants of Auditing and Reporting Quality in the Asia‐Pacific Region

The influence of coercive pressures on reporting on SDGs during the COVID‐19 pandemic: An international study

Contact Info

Product

Resources

About