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

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

Dr. Najeb Masoud

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Middle East University

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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How to Cite This Article

Dr. Najeb Masoud. 2014. \u201cAccounting, FRQ, Emerging Countries Transition: How can a Country Implement an IFRS Standard Change Successfully?\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D2).

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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/ nonadopted emerging countri financial reporting quality (FRQ)implementation framework international financial reporting standards (IFRS)

Submission ReceivedDecember 8, 2013
Peer Review Double Blind
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Accepted January 2, 2014
Published January 15, 2014

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June 25, 2014

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Total Score: 106

Country: Jordan

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Dr. Najeb Masoud (PhD/Dr. count: 1)

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