IFRS Disclosure Compliance in Malaysia: Insights from a Small‐sample Analytical Study

Azmi, Anna Che; English, Linda

doi:10.1111/auar.12105

Cited by 11 publications

(3 citation statements)

References 30 publications

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“…Abdullah et al (2015) discussed the effects family controls of Malaysian companies on of IFRS mandatory disclosure requirements. The other studies which focused in this area includes Che Azmi and English (2016), Khamees (2018); and Zureigat (2015).…”

Section: Resultsmentioning

confidence: 99%

Research productivity of International Financial Reporting Standards (IFRS) from 2003 to 2020

Tijjani¹,

Rehman²,

Peter³

et al. 2021

GKMC

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Purpose This study aims to examine the quantitative research productivity of International Financial Reporting Standards (IFRS) globally by using the bibliometric approach. The method was applied to articles indexed in the Scopus database to analyze the publication patterns, trends and research productivity of the selected papers. Design/methodology/approach Bibliometric analysis is applied to analyze research productivity of IFRS from 2003 to 2020. The method was applied to articles indexed in the Scopus database to analyze the publication patterns and research productivity of the selected papers. Findings This study finds that a good number of articles have been published on IFRS, the top five countries are the USA, UK, Australia, Germany and Canada. This clearly shows that developed markets have the highest number of publications on IFRS. This could be as a result of the early adoption of IFRS by those economies and owing to the interest of researchers in those markets. Most of the studies are quantitative in nature; this study indicates that publication on accounting standards is popular as the number of citations is significant; most of the articles have two or more authors and were published in top-ranking journals. Practical implications This study provides up-to-date literature on the global research productivity of IFRS; as a result, it supports the development of policies by the users of this accounting standards. The findings of this study also serve as a reference point for firms and regulators around the world. Given the thoroughness of the methodology of this study, the results make it easier to effectively identify the direction of research on the implementation of IFRS in organizations. Originality/value This study provides a more comprehensive bibliometric analysis on the growth of IFRS literature (2003–2020) in the Scopus database; most of the prior studies have covered relatively few areas of focus as well as a fewer number of high impact factor journals. The relevance of this finding is in uncovering different areas of IFRS research productivity globally.

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Section: Resultsmentioning

confidence: 99%

Research productivity of International Financial Reporting Standards (IFRS) from 2003 to 2020

Tijjani¹,

Rehman²,

Peter³

et al. 2021

GKMC

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“…In addition, a stream of literature addresses the motives for mandatory disclosure, especially under IFRS Standards. While expectations are companies disclose mandatory information, a body of literature provides empirical evidence of non-compliance and variation in the level of firms' compliance with IFRS Standards disclosure requirements (e.g., Bepari et al, 2014;Carlin & Finch, 2010;Che Azmi & English, 2016;Glaum et al,;Izzo et al, 2013;Lazar & Velte, 2018;Lucas & Lourenço, 2014;Mazzi et al, 2017Mazzi et al, , 2018Wang, 2019). This literature argues that accounting practices do not develop in a vacuum but are determined by a set of firm and country characteristics.…”

Section: Empirical Literature On Compliance With Ifrs Disclosure Requirementsmentioning

confidence: 99%

Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12

Sarquis

Santos

Lourenço

et al. 2021

Financ Manag Account

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This study provides empirical evidence on changes in entities’ reporting of interests in joint ventures from proportionate consolidation to the equity method following adoption of IFRS 11 and their application of the corresponding IFRS 12 disclosure requirements. The sample includes 551 firms from 26 countries affected by the adoption of IFRS 11 (1,858 financial statements). The findings indicate that many firms are not fully complying with IFRS 12 disclosure requirements and that firm‐level characteristics (e.g., size, leverage, and ownership concentration) contribute more to explaining the level of (non)compliance, when compared to country‐level variables (e.g., legal system and emerging versus developed countries). We also find that the level of materiality of joint ventures is positively associated with the level of compliance with IFRS 12 disclosure requirements. Our results contribute to the literature on the determinants of compliance with IFRS Standards disclosure requirements and bring important insights for the post‐implementation review of IFRS 11 and IFRS 12 occurring between 2020 and 2022.

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“…Using a sample of Malaysian publicly listed companies and inspecting their 2011 financial statements, Che Azmi and English () analysed the level of compliance with eight IFRS disclosure standards. They found a high level of non‐compliance (62.3%) with IFRS requirements across a range of standards.…”

Section: Compliance With International Standardsmentioning

confidence: 99%

Compliance Over Time by Australian Firms with IFRS Disclosure Requirements

Wang

2018

Australian Accounting Review

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Prior literature indicates that compliance with International Financial Reporting Standards (IFRS) is not complete in many countries. This study examines practice under the Australian version of IFRS by measuring compliance with the disclosure requirements of eight standards. The study focuses on data drawn from the consolidated financial statements of a sample of the top 200 Australian listed companies. To enable a time-series analysis of compliance over time, this study examines three reporting years: 2006, 2010 and 2014. This research identifies material non-compliance among Australian companies, finding that some disclosure items appear to be neglected by companies, such as some of the requirements of AASB 137 Provisions. This non-compliance raises questions about accounting and audit quality in Australia. It may suggest poor regulatory oversight.

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IFRS Disclosure Compliance in Malaysia: Insights from a Small‐sample Analytical Study

Cited by 11 publications

References 30 publications

Research productivity of International Financial Reporting Standards (IFRS) from 2003 to 2020

Research productivity of International Financial Reporting Standards (IFRS) from 2003 to 2020

Joint venture investments: An analysis of the level of compliance with the disclosure requirements of IFRS 12

Compliance Over Time by Australian Firms with IFRS Disclosure Requirements

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