IFRS adoption and the opinion of OHADA accountants

Dicko, Saidatou; Fortin, Anne

doi:10.1504/aajfa.2014.063746

Cited by 5 publications

(11 citation statements)

References 29 publications

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“…This effort could be seen as a century reform to the profession. The reform agenda was perceived as the way forward towards harmonising the accounting practice within the Organisation for the Harmonisation of Business Law in Africa (OHADA) Generally Accepted Accounting Principles with that of the rest of the world (The International Financial Reporting Standards), which for a long time experts had been advocating on the belief that financial accounting practises should be harmonised for ease of comparison (Dicko and Fortin 2014;Fossung 2016;Mayegle 2014; OHADA Uniform Acts 2016; AICPA 2019).…”

Section: Introductionmentioning

confidence: 99%

“…In the early 60s, antecedent to the acquisition of independence by most African countries, accounting practices where still those inherited from colonial masters. The companies in the areas of the Economic and Monetary Union of West Africa (WAEMU) and the Customs and Economic Union of Central Africa (CACEU) continued to use the French accounting systems in 1947 and 1957 (Dicko and Fortin 2014;Fossung 2016;Mayegle 2014;AICPA 2019). It was only until the Africans conceived their unity in 1963 and decided to create the Common African and Mauritian Organisation (OCAM) accounting plan in 1965.…”

Section: Introductionmentioning

confidence: 99%

“…The effects of this on some sectors were inconsistent financial records and the mismatch of some accounting works. This led the African States and certain groups to develop new accounting information systems and specific accounting plans for the credit institutions (Central Africa Banking Commission (COBAC) chart of accounts and the insurance companies (Dicko and Fortin 2014;Riasi 2015;Riasi and Aghdaie 2013;Fossung 2016)).…”

Section: Introductionmentioning

confidence: 99%

“…The objective of OHADA was to develop modern business laws relevant to conditions in Africa, promote better economic integration across the continent and encourage its harmonious development. Before the adoption of OHADA, investors had to deal with different and sometimes confusing laws in each country (Fossung 2016;Dicko and Fortin 2014). Although OHADA was initially designed for countries in the Franc zone, it now welcomes any African state, irrespective of whether it is a Francophone African countries.…”

Section: Introductionmentioning

confidence: 99%

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Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

Fossung

Ntoung

Oliveira

et al. 2020

JRFM

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This paper examines the ongoing transition to the revised Organisation for the Harmonisation of Business Law in Africa Act on Accounting and Financial Reporting for companies in general and to the International Financial Reporting Standards for listed and group companies with a particular focus on recent institutional developments and corporate concerns. The study used 80 professional accountants, most of whom were members of the Institute of Chartered Accountants of Cameroon and academics. Using the descriptive statistics, the study shows that the transition to the revised OHADA brings about a high level of comparability and transparency of the financial statements, that the International Financial Reporting Standards cannot be implemented in Cameroon (but not fully), and that the benefit of the transition exceeds the cost.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

Fossung

Ntoung

Oliveira

et al. 2020

JRFM

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“…A growing number of countries are embracing IFRS, at least for listed companies, and several studies have highlighted that the standards contribute to improving the quality of financial information (Burnett et al, 2015). Further, IFRS adoption by European Union countries in 2005 gave the standards an unprecedented degree of influence and legitimacy (Burleau and Colasse, 2010;Dicko and Fortin, 2014).…”

Section: Introductionmentioning

confidence: 99%

The Impact of IFRS Adoption on Canadian Firms’ Disclosure Levels

Mahjoub

Dicko

2017

ijafr

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This study examines a random sample of Canadian firms listed on the S&P/TSX Composite Index to find out whether disclosures in IFRS financial statements increased compared to disclosures based on the former Canadian generally accepted accounting principles. Results show that IFRS adoption has had a positive impact on the amount of information disclosed in financial statements. We conclude that disclosure levels in financial statements based on IFRS are much higher than formerly under Canadian GAAP.

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The Influence of IAS/IFRS on the New OHADA General Chart of Accounts

Tchokote¹

2019

JMAA

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Accounting standardization in black African French-speaking countries is presented through two streams of research. The first stream presents the general chart of accounts common to all these countries as an accounting model which reconciles the divergences between the Anglo-Saxon and continental approaches to accounting, and thereby satisfies the requirements of users of accounting information. The second stream considers that the convergence towards IAS/IFRS is a vital way of attracting international investors and increasing development. This article stands by the second perspective and analyzes the changes introduced in the PCG-OHADA (2017) compared to the PCG-OHADA (2000). It shows that the new provisions of the PCG-OHADA are mainly inspired by IAS 1,

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IFRS adoption and the opinion of OHADA accountants

Cited by 5 publications

References 29 publications

Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

The Impact of IFRS Adoption on Canadian Firms’ Disclosure Levels

The Influence of IAS/IFRS on the New OHADA General Chart of Accounts

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