Business, Management and Accounting
5 years ago

Countries adopting IFRS risk losing financial control to foreign regulators.

1 view
African J of Accounting Auditing and Finance
Cultural Challenges for Countries Implementing International Financial Reporting Standards (IFRS) without Contributing to their Creation
Khalid Rasheed Al-Adeem

Paper Summary

Countries around the world are adopting the same financial reporting standards to make their financial information more comparable. However, differences in accountants' judgements and concerns about losing control to foreign regulators may limit this goal. Countries not involved in creating these standards may end up adopting foreign languages, values, and regulations.

Related papers

Business, Management and Accounting
6 years ago

International accounting standards becoming more complex, impacting global financial reporting.

Earnings Management
Risk Management
2 views
Business, Management and Accounting
7 years ago

Global Accounting Shift: How IFRS Literacy is Changing Financial Reporting Forever

Accounting Education
Earnings Management
Accounting Theory
1 view
Business, Management and Accounting
7 years ago

IFRS 3 Changes Lead to Global Accounting Comparability but Increase Compliance Costs

Earnings Management
1 view