Perceptions regarding the implementation of International Financial Reporting Standards in Portugal and Brazil

Silva, Ana Paula; Fontes, Alexandra; Martins, Adelaide

doi:10.1016/j.intaccaudtax.2021.100416

Cited by 12 publications

(24 citation statements)

References 85 publications

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“…Additionally, to compare the findings of the study have been confirmed by Perera and Chand (2015) by analyzing developed countries providing arguments that the package will have implications for the revision of IFRS for SMEs and will help in addressing future complications in the SME convergence process. Finally, in their study on the perception of the application of IFRS (Silva et al 2021) argues that international accounting convergence de facto has not yet been reached in Portugal and Brazil, even after a period of seven to 8 years of adaption to those standards.…”

Section: Econometric Findingsmentioning

confidence: 99%

Challenges and Difficulties for Micro-Businesses in Adapting Ifrs for Smes Requirements: Kosovo Evidence

Durguti¹,

Arifi²

2021

JLIA

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Small and medium-sized enterprises (SMEs) have a vital position in the international economy. The study aims to examine the compulsory financial reporting requirements set by the Kosovo Council for Financial Reporting (KCFR) as well as SMEs requirements for reviewing the current classification in the Kosovo context. This study, like most relevant studies, employs ordinal probit regression to examine the relationships among the requirements defined as dependent variables and other control variables such as necessary reclassification review under KCFR, preferred reclassification review under KCFR, experience knowledge of accountants and auditors, continuously education concerning financial reporting, and assessments of business owners. According to the reported conclusions, the application of these requirements in the Kosovo context does not create any opportunities for SMEs. On the contrary, the findings point to a thorough review of the reporting requirements for microbusinesses, as the current classification appears to be a burden for these businesses.

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Section: Econometric Findingsmentioning

confidence: 99%

Challenges and Difficulties for Micro-Businesses in Adapting Ifrs for Smes Requirements: Kosovo Evidence

Durguti¹,

Arifi²

2021

JLIA

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“…The importance of studying the problems of consolidating national accounting and financial statements reporting following IFRS standards, has been considered by researchers from many countries for a long time (Silva, Fontes & Martins, 2021;Madah Marzuki & Abdul Wahab, 2016;Pignatel & Tchuigoua, 2020). Since companies in more than 144 countries use IFRS to prepare accounting reports, numerous studies have been explicitly devoted to the problems of certain inconsistencies and disagreements arising from language differences due to the narrow profile of a commercial document.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Today, IFRS is characterized by significant advantages when applied as a basis for the standardization and harmonization of the national accounting system. IFRA has little complexity and high cost of adaptation and are created to generalize the experience gained over the field of accounting's centuries-old history and are used widely in the practice of many developing countries, including the post-Soviet space (Silva, Fontes & Martins, 2021;Hajiyeva et al, 2020;Maradona & Chand, 2018). Numerous works have been devoted a thorough study of the consolidation of national accounting with IFRS in developing countries characterized by relatively low dynamics of accounting transformation (Poudel, Hellmann & Perera, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The results of these scientific studies have given rise to a layer of scientific developments, concentrated mainly on the substantiation of an effective model for the consolidation of NAS and IFRS in developing countries. Depending on the ratio of national standards and IFRS and the scale of use of IFRS, the following models of consolidation of national standards and IFRS have been developed and scientifically and practically justified (Silva, Fontes & Martins, 2021;Hartmann, Marton & Sols, 2020;Bengtsson, 2021):…”

Section: Literature Reviewmentioning

confidence: 99%

“…These models assume the consolidation of IFRS from existing NAS without changes or through minor adjustments concerning listed (Mod.List) or all companies (Mod.Com) (Silva, Fontes & Martins, 2021;Madah Marzuki & Abdul Wahab, 2016;Maradona & Chand, 2018). The option of consolidation is possible due to significant changes in NAS or the development of new ones by IFRS (Mod.Dev), abolition of NAS, and the use of IFRS exclusively (Mod.Int) (Hartmann, Marton & Sols, 2020;Bengtsson, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

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A practical model to implementing IFRS in the national accounting system: The case of Azerbaijan

Valiyev

Huseynov

Gadimli³

et al. 2021

JEECAR

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The purpose of this article is to develop a methodological approach to substantiating the effective consolidation model of national accounting standards (NAS) with International Financial Reporting Standards (IFRS) for Azerbaijan. Using the questionnaire method, the advantages, and obstructions of IFRS implementation in Azerbaijan have been assessed, depending on the practicing models of consolidation of NAS and IFRS. Using fuzzy sets made it possible to determine the levels of development of advantages and obstructions associated with the introduction of IFRS into national accounting practice in Azerbaijan. We determined the most effective model of consolidation of NAS and IFRS for the enterprises of Azerbaijan. The effectiveness of implementing models for the consolidation of NAS and IFRS has been assessed to provide a balance between advantages and destructive factors in the implementation of IFRS.

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The impact of International Financial Reporting Standards adoption on the integration of capital markets

Zahid

Şımga-Muğan

2022

Int. J Fin Econ

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Integrated capital markets provide better risk sharing and market efficiency, but presence of different barriers such as information asymmetry across borders hinders these benefits. This study investigates whether the adoption of International Financial Reporting Standards (IFRS) (uniform accounting standards) impacts the integration of worldwide capital markets by decreasing financial information frictions. Staggered adoption dates with price‐based measures (Beta and Sigma Convergence) of integration are used to measure the incremental impact of IFRS adoption on integration. The sample includes all the countries with capital markets that have benchmark indices and price data available. Overall statistical results suggest no significant impact of IFRS adoption on capital market integration.

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Perceptions regarding the implementation of International Financial Reporting Standards in Portugal and Brazil

Cited by 12 publications

References 85 publications

Challenges and Difficulties for Micro-Businesses in Adapting Ifrs for Smes Requirements: Kosovo Evidence

Challenges and Difficulties for Micro-Businesses in Adapting Ifrs for Smes Requirements: Kosovo Evidence

A practical model to implementing IFRS in the national accounting system: The case of Azerbaijan

The impact of International Financial Reporting Standards adoption on the integration of capital markets

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