An Investigation of Compliance With International Accounting Standards by Listed Companies in the Gulf Co-Operation Council Member States

Al‐Shammari, Bader; Brown, Philip; Tarca, Ann

doi:10.2139/ssrn.963574

Cited by 119 publications

(295 citation statements)

References 19 publications

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“…Thus, evidence shows that information disclosures are significantly associated with company size, which means that large companies provide more mandatory and even voluntary disclosures than SMEs (Wallace and Naser, 1995;Al-Shammari et al, 2008;Mutawaa and Hewaidi, 2010;Dragu and Tudor, 2011;Arvidsson, 2011). Related key profitability indicators, such as ROE or ROA, are not convergent evidence (Wallace et al, 1994;Street and Gray, 2002;Al-Shammari et al, 2008;Broberg et al, 2010;Dragu and Tudor, 2011), which means that other variables exist that drive effective information compliance and disclosure. Despite such evidence, the use of internet in corporate reporting is still driven by multiple determinants that are explored in the next section.…”

Section: Drivers and Detractorsmentioning

confidence: 99%

Key Performance Indicator Disclosures Through the Internet: Towards an Integrated Scoreboard

Lopes

2014

Social Technologies

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Section: Drivers and Detractorsmentioning

confidence: 99%

Key Performance Indicator Disclosures Through the Internet: Towards an Integrated Scoreboard

Lopes

2014

Social Technologies

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“…Akhtaruddin (2005) analyzed the Bangladesh market under local GAAP. Al-Shammari et al (2008) analyzed the compliance of mandatory disclosure under IFRS over a period of time (1996 to 2002).…”

Section: Literature Reviewmentioning

confidence: 99%

Impairment of goodwill, IAS 36 and determinants of mandatory disclosure in Italian listed companies

Devalle¹,

Rizzato²,

Pisoni³

2017

Afr. J. Bus. Manage.

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Disclosure allows investors to understand financial performance. The study provides findings on the level of compliance of mandatory disclosure concerning the impairment of goodwill under IFRS and its determinants. The examined sample is composed of 145 Italian listed entities. Size variables, performance variables and amortization of goodwill variables were tested in order to verify the determinant of the compliance with mandatory disclosure of the impairment of goodwill. We have run an ordinary least square (OLS) regression model: results show that the weight of goodwill, the way entities amortize goodwill and the size of the firm are positively associated with the mandatory disclosure requested by IAS 36. We have contributed to previous studies by providing findings on the role of mandatory disclosure, which is a fundamental characterization in accounting and extremely current after the publication of the Discussion Paper by the international accounting standards board (IASB). The contribution to current literature is to provide findings on the determinants of mandatory disclosure of goodwill in Italy.

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“…Six audit failures have occurred (one in Kuwait, two in Oman, and three in Bahrain) and few qualified audit reports have been received in the entire history of the GCC. In particular, the Big 4 audit firms have been involved in two cases (Al-Shammari et al, 2008;Asiri, 2008). Al-Shammari et al (2008) argued that the low number of reported audit failures in the GCC does not reflect a good audit function.…”

Section: Introductionmentioning

confidence: 99%

“…In particular, the Big 4 audit firms have been involved in two cases (Al-Shammari et al, 2008;Asiri, 2008). Al-Shammari et al (2008) argued that the low number of reported audit failures in the GCC does not reflect a good audit function. Rather, Al-Gahtani (2005) argued that the accounting and auditing professions are still under development in terms of presence and enforcement.…”

Section: Introductionmentioning

confidence: 99%

“…In this regard, only Omani and Qatari codes of corporate governance state that a mandatory rotation policy should be applied every four and three years, respectively. Bahraini code of corporate governance indicates that the company shall disclose items related to reasons for any changing and reappointing of auditors (Al-Shammari et al, 2008;Chahine and Tohmé, 2009;Harabi, 2007;Omran et al, 2008). For instance, according to IFC (2008) survey of 2008, around 47% of listed companies in MENA countries (i.e., GCC) indicate that they made an auditor change.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Internal corporate governance mechanisms and audit quality: Evidence from GCC region

Hassan¹,

Aljaaidi²,

Abidin³

et al. 2018

Int. j. adv. appl. sci.

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Using the suggestions of agency theory alone for predicting the auditor change behavior in the context of GCC countries is inappropriate because they were developed in countries with mature market-oriented economies. In this study, we examine the association of board of directors effectiveness (board of directors independence, size, financial expertise, meetings, nationality, international experience and CEO duality) and audit committee effectiveness (audit committee independence, size, financial expertise, meetings, nationality and international experience) with the incidence of auditor change among Gulf Cooperation Council (GCC) public listed companies for the period 2005-2010. We posit that using an integration framework of agency theory, managerial grid theory, and attractionselection-attrition has more explanatory power to predict auditor change behavior in GCC setting, taking into account economic and behavioral issues. The results show that only board of directors' effectiveness is significantly associated with the incidence of auditor change. This study finds out that the economic and the behavioral activities are related to the audit demand in the GCC. Moreover, the study suggests that regulators, especially GCC stock exchanges, should force companies to disclose all relevant information related to auditor change in a transparent and timely manner, and increase law enforcement to enhance good corporate governance practices. For companies, this study proposes that they should put more emphasis on enhancing the role and the quality of the board of directors and audit committee members, as they are involved in the decision of auditor change.

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An Investigation of Compliance With International Accounting Standards by Listed Companies in the Gulf Co-Operation Council Member States

Cited by 119 publications

References 19 publications

Key Performance Indicator Disclosures Through the Internet: Towards an Integrated Scoreboard

Key Performance Indicator Disclosures Through the Internet: Towards an Integrated Scoreboard

Impairment of goodwill, IAS 36 and determinants of mandatory disclosure in Italian listed companies

Internal corporate governance mechanisms and audit quality: Evidence from GCC region

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