Has the harmonisation of accounting practices improved? Evidence from South Asia

Ahmed, Kamran; Ali, Muhammad Jahangir

doi:10.1108/ijaim-12-2014-0082

Cited by 17 publications

(22 citation statements)

References 36 publications

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“…This new drive of harmonisation has caused many accounting scholars to focus on the measurement of de-facto harmonisation (Ahmed and Ali 2015;Bayerlein and Al-Farooque 2012, Jones and Finely 2011, Van der Tas (1998, which are even confined to developed countries. Many researchers now believe that harmonisation can be achieved only at the point of practices (de-facto harmonisation).…”

Section: 0mentioning

confidence: 99%

“…Klibi and Kossentini (2014) also highlighted that the use of IFRS impact stock market development in emerging countries. Other scholars such as Campa and Donnelly (2016), and Cormier et al (2015) has provided evidence on how IFRS improve reporting quality. For instance, Tawiah and Muhaheranwa (2015) reported that Indian companies that use IFRS provide quality accounting information than those using the local standards.…”

Section: 0mentioning

confidence: 99%

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Convergence to IFRS: a comparative analysis of accounting standards in India

Tawiah

2020

IJAAPE

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This study has employed summative content analysis to measure de-jure harmonisation between the Indian converged IFRS (Ind.AS) and IFRS under the headings Definition Terms (DT), Measurement and Recognition (M/R), and Presentation and Disclosures (P/D). The study has also introduced the convergence index, which was used to investigate differences that the convergences process has removed between the existing GAAP (AS) and IFRS.There are significant differences between Ind.AS and IFRS in Measurement/Recognition and Presentation/Disclosure. The convergence index shows that Ind.AS has removed about 86% of the difference between the existing local GAAP (AS) and IFRS. The most interesting difference between Ind.AS and IFRS is that Ind.AS provides options where IFRS does not, while IFRS also provides options where Ind.AS does not.Users of financial statements should understand that, although India has converged to IFRS, there are significant differences between Measurement/Recognition and Presentation/Disclosure of some major transactions. However, most of the differences between IFRS and Ind.AS are time and transaction-specific likely to be undertaken by large companies; hence, it may not reflect in financial statements of small and medium enterprises.The study makes a methodological contribution by introducing a convergence index which measures how a country has bridge the gap between local GAAP and IFRS

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Section: 0mentioning

confidence: 99%

Section: 0mentioning

confidence: 99%

Convergence to IFRS: a comparative analysis of accounting standards in India

Tawiah

2020

IJAAPE

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“…IFRS adoption could be identified as one of the standard-setting strategies used in many emerging economies (Ben Othman and Kossentini, 2015;Perera and Baydoun, 2007). Several empirical studies have examined the relevance of IFRS in South Asian countries 57 Moderating effect of IFRS adoption (Ahmed and Ali, 2015;Bhattacharjee, 2009;Chakrabarty, 2014;Hossain et al, 2015;Zaman Mir and Shiraz Rahaman, 2005).…”

Section: Ifrs Adoption As a Moderatormentioning

confidence: 99%

Moderating effect of IFRS adoption on FDI and conditional accounting conservatism in South Asia

Manawadu

Azmi

Mohamed

2019

JAEE

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Purpose The purpose of this paper is to examine the moderating effect of IFRS adoption on the relationship between foreign direct investment (FDI) and conditional accounting conservatism in South Asia. Design/methodology/approach This study uses the model developed by Basu (1997) and Ball and Shivakumar (2005) to examine the moderating effect of IFRS adoption on the relationship between FDI and conditional accounting conservatism. Data are tested by running panel generalized method of moments–2SLS estimation for the period of 2006–2015. Findings A moderating effect of IFRS adoption was found on the relationship between FDI and conditional accounting conservatism in South Asia. Research limitations/implications This study contributes to the literature by adding new evidence on the moderating effect of IFRS adoption on the relationship between FDI and conditional accounting conservatism. Originality/value The relationship between FDI and conditional accounting conservatism was moderated by IFRS adoption in South Asia. This finding provides new evidence to the literature as well as for the policy makers to consider on IFRS adoption.

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“…Unlike these states' one-step implementation of IFRS, there are also countries that have chosen to gradually integrate IFRS. India is one such instance and has launched a gradual method of compliance with international AS (Ahmed, Kamran, and Ali, Muhammad., 2015). IASB argues that 130 nations have a public dedication to its worldwide execution in having one standard of accounts.…”

Section: The Current State Of Ifrs Implementation Process At Global Lmentioning

confidence: 99%

Challenges and Barriers in Convergence of IND_AS with IFRS: A Perspective Investigation on Indian Professionals and Officials

Sadri

2019

AFR

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Purpose: The paper examines the perception of officials and professionals in implementing IFRS at pre-initial stage. India accepted to implement the IFRS from 1st April 2016 despite reluctance from practitioners. Paper explores the responses towards challenges in implementation of IFRS rather than its effects after implementation. Design / Methodology / Approach: Quantitative research is used with use of structured questionnaire. The survey provided 192 responses from across India.Findings: Study questioned the readiness in adoption of IFRS and handling the challenges. Both officials and professionals have similar concern in implementing IFRS. Both groups agreed on the importance and usefulness of globally harmonizing AS but do not find it easy to adapt IND-AS to IFRS and have many concerns over it. Moreover, IASB is not properly emphasising in smoothening the process of implementation other than just organizing training sessions. Young and skilled professionals appreciated more of IFRS implementation than elderly and less skilled. Female participants are more receptive than men. Indian software companies were already using US GAAP norms for more than a century.Implications / Contributions: Analysis suggested IASB to focus on implementing issues and must work in coordination with national boards of every country to address those issues locally.Suggestions: Involvement of corporate houses, local authorities, boards, national agencies, professionals and officials are required for success of IFRS adoption. The Author is preparing to submit a report to IASB to facilitate them in bringing effectiveness for the same purpose. Originality of Study / Importance: The study focuses on issues specifically raised by officials and professionals of India. No study conducted with this perspective especially on India.Scope of Study: Based on the literature review, corporate governance is identified as an important area as the scope of this study in order to bring the effectiveness of implementation phase of IFRS within Indian companies, and to identify different factors that increases risk of failure. Further, it is important to study the role of monitoring institutions, regulators, and government in encouraging professionals and officials to smoothen the implementation phase in India. Nevertheless, effects after implementation need to be studied further.

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Has the harmonisation of accounting practices improved? Evidence from South Asia

Cited by 17 publications

References 36 publications

Convergence to IFRS: a comparative analysis of accounting standards in India

Convergence to IFRS: a comparative analysis of accounting standards in India

Moderating effect of IFRS adoption on FDI and conditional accounting conservatism in South Asia

Challenges and Barriers in Convergence of IND_AS with IFRS: A Perspective Investigation on Indian Professionals and Officials

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