Cultural Diversity, Country Size, And The IFRS Adoption Decision

Clements, Curtis; Neill, John D.; Stovall, O. Scott

doi:10.19030/jabr.v26i2.288

Cited by 46 publications

(47 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…JUDI is used to measure judicial independence of a country, whilst EOLFW is used to measure the efficiency of legal framework of a country. Furthermore, prior cross‐country studies, informed by Hofstede's national culture scores (Ding, Jeanjean & Stolowy, ; Hope, Jin & Kang, ; and Clements, Neil & Stovall, , among others) suggest that differences in a national culture such as power distance and uncertainty avoidance may influence the commitment to adoption and harmonisation to IFRS. On this basis, we also investigated, as a part of a sensitivity analysis, whether these two cultural scores significantly influence a country's extent of commitment to adopt and seek harmonisation to ISAs and, therefore, how these variables would change the explanatory power of the model.…”

Section: Methodsmentioning

confidence: 99%

Adoption of International Standards on Auditing (ISA): Do Institutional Factors Matter?

Boolaky

Soobaroyen²

2016

Int J Auditing

114

View full text Add to dashboard Cite

Informed by the neo-institutional perspective, this study seeks for the first time to investigate empirically the determinants of ISA adoption and commitment to harmonisation on a cross-national basis (89 countries). The findings show that the protection of minority interests, regulatory enforcement, lenders/borrowers rights, foreign aid, prevalence of foreign ownership, educational attainment and particular forms of political system (level of democracy) prevailing in a country, are observed to be significant predictors of the extent of commitment to the adoption and harmonisation of ISAs. Our statistical analysis therefore suggests that coercive, mimetic and normative pressure have a significant impact on ISA adoption relative to economic (efficiency-led) factors. Our findings imply that current efforts by the International Federation of Accountants (IFAC) and other international agencies to implement ISAs need to recognise that a broad set of institutional factors, rather than narrow economic ones, are of relevance in the development of audit policymaking, practice and regulation worldwide. , 620, 705. According to the most recent ROSC reports of the countries in this table, the afore-mentioned ISAs are not complied with. It is also identified that the form and content of audit reports did not comply with relevant ISAs. b These countries do not also have a solid quality assurance in place. There is evidence of non-compliance with ISQC 1.

show abstract

Section: Methodsmentioning

confidence: 99%

Adoption of International Standards on Auditing (ISA): Do Institutional Factors Matter?

Boolaky

Soobaroyen²

2016

Int J Auditing

114

View full text Add to dashboard Cite

show abstract

“…Most of the previous studies have focused on the analysis of factors influencing the full IFRS adoption by countries (Alon & Dwyer, ; Archambault & Archambault, ; Clements, Neill, & Stovall, ; Judge et al, ; Ramanna & Sletten, ; Shima & Yang, ; Zeghal & Mhedhbi, ). The main environmental factors highlighted by these researchers are: education, legal system, existence of a capital market, culture, import penetration, foreign aid, economic growth, governance quality, investor protection mechanisms, inflation, and tax system.…”

Section: Theoretical Framework and Previous Studiesmentioning

confidence: 99%

What Drives Developing and Transitional Countries to Adopt the IFRS for SMEs? An Institutional Perspective

Sellami¹,

Gafsi²

2018

J Corp Accounting Finance

View full text Add to dashboard Cite

With the awareness of the socioeconomic importance of small- and medium‐sized enterprises (SMEs) and the growing demand for a high‐quality accounting framework for these businesses, the International Accounting Standards Board issued on July 9, 2009 a simplified version of financial reporting standards (IFRS for SMEs) to meet the specific needs of such entities. Recently, there is an increasing widespread acceptance of this standard around the world. While considerable effort has been made to explain the worldwide diffusion of full IFRS, still little empirical evidence on the factors influencing the IFRS for SMEs adoption has been undertaken. This study seeks to examine the institutional factors associated with the adoption of the IFRS for SMEs specifically in the context of developing and transitional economies. Based on a sample of 70 countries, the research results show that SMEs' importance, country's reliance on external funding, and external openness degree positively affect the IFRS for SMEs adoption. They reveal a negative effect of tax system and governance quality on this decision. However, education level and prior adoption of full IFRS are nonsignificant factors. These results are relevant to practitioners, SMEs' potential investors, standard setters, regulators, CPA firms, SMEs' managers, and policy‐makers. © 2018 Wiley Periodicals, Inc.

show abstract

“…Estudos apontam que fatores econômicos, sociais, culturais, históricos e geográficos influenciam as diferenças contábeis dos países, o que dissemina numerosos critérios de reconhecimento e mensuração de um mesmo fato, que consequentemente, impactam nas demonstrações contábeis (Nobes, 1998;Baker & Barbu, 2007;Clements, Neill & Stovall, 2010).…”

unclassified

Aplicação das IFRS para pequenas e médias empresas na perspectiva dos prestadores de serviços contábeis

Cavalheiro

Huppes

Kremer

2017

RCC, Rev. Contab. Control.

View full text Add to dashboard Cite

ResumoAs mudanças econômicas ocorridas com a internacionalização da economia começaram a demandar uma padronização das normas contábeis entre os países. Nesse sentido, o Comitê de Pronunciamentos Contábeis emitiu o CPC PME -Contabilidade para Pequenas e Médias Empresas correlacionado ao The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) visando a adequação da contabilidade das PMEs aos padrões internacionais. O objetivo deste estudo foi analisar a percepção e aplicação do CPC PME pelos prestadores de serviços contábeis, por meio de uma pesquisa descritiva, tipo survey, com análise mista considerando quantitativamente as frequências e, qualitativamente, a construção hipotética de aspectos conceituais. Foram obtidas 26 respostas de profissionais atuantes na cidade de Dourados-MS. Os resultados apontam que há dificuldade em adotar a norma, principalmente no que tange a questões subjetivas, sem regras claramente definidas, a exemplo da aplicação do princípio da essência sobre a forma, mesmo com a participação em cursos capacitação. Culturalmente, a legislação fiscal e tributária interfere fortemente na ação profissional. Apesar da avaliação positiva dos contadores sobre a valorização profissional e da necessidade de atender a legislação contábil vigente, em praticamente todas as situações apresentadas no questionário, os respondentes não se adequaram aos dispostos no CPC PME. Palavras

show abstract

Cultural Diversity, Country Size, And The IFRS Adoption Decision

Abstract: In this paper, we empirically examine the International Financial

Cited by 46 publications

References 11 publications

Adoption of International Standards on Auditing (ISA): Do Institutional Factors Matter?

Adoption of International Standards on Auditing (ISA): Do Institutional Factors Matter?

What Drives Developing and Transitional Countries to Adopt the IFRS for SMEs? An Institutional Perspective

Aplicação das IFRS para pequenas e médias empresas na perspectiva dos prestadores de serviços contábeis

Contact Info

Product

Resources

About