Accounting, FRQ, Emerging Countries Transition: How can a Country Implement an IFRS Standard Change Successfully?

Dr. Najeb Masoud
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Accounting, FRQ, Emerging Countries Transition: How can a Country Implement an IFRS Standard Change Successfully?

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Abstract

This study examines the variables affecting the decision to adopt IFRS standard by seventy-eight emerging market economy (43 adopting IFRS and 35 non-adopting) over the period 2006-2014. The results of the study are primarily an exploratory process framework for the implementation of IFRS standard changes and secondarily a set of variables seen as affecting the IFRS standard change implementation process in emerging countries. Key variables include the following twelve variables: culture (Anglo-Saxon), political system, educational system, legal environment, economic growth, privatisation, foreign direct investment, firm size, liquidity, and cost of equity capital, audit quality (Big 4) and transparency. Finally the main limitations of this study are outlined and opportunities for future research are discussed, particularly in relation to this study’s findings about the requirement to reconsider the usefulness of the relationship between accounting practices and framework adoption of IFRS by emerging countries.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Masoud. 2014. "Accounting, FRQ, Emerging Countries Transition: How can a Country Implement an IFRS Standard Change Successfully?". Global Journal of Management and Business Research, Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D2).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
adopted/ nonadoptedemerging countrifinancial reporting quality (FRQ)implementation frameworkinternational financial reporting standards (IFRS)
Classification
GJMBR-D Classification JEL Code: M40
M41
M42
  • Submission ReceivedDecember 8, 2013
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 2, 2014
  • Published January 15, 2014
Version of record

v1.2

Issue date
June 25, 2014

Language
English
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Accounting, FRQ, Emerging Countries Transition: How can a Country Implement an IFRS Standard Change Successfully?

Dr. Masoud
Dr. Masoud Middle East University
  • Submission ReceivedDecember 8, 2013
  • Peer Review Double Blind
    Handling Editor
  • Accepted January 2, 2014
  • Published January 15, 2014