International Financial Reporting Standards, Board Governance and Accounting Quality: Preliminary Ghanaian Evidence

Oppong, Clement; Bruce-Amartey, Ali

doi:10.55217/102.v15i2.528

Cited by 4 publications

(4 citation statements)

References 47 publications

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“…According to accounting theory, it is possible to reduce the imbalance of information between stakeholders and corporate managers by providing transparent and timely financial statements (Frankel & Li, 2004;Oppong & Bruce-Amartey, 2022;Soderstrom & Sun, 2007;Tsalavoutas, Tsoligkas, & Evans, 2020). Therefore, new standards of financial reporting quality have also received more attention as they promise to reduce the information imbalance between the parties (Soderstrom & Sun, 2007).…”

Section: International Financial Reporting Standardsmentioning

confidence: 99%

Benefits and costs of adopting international financial reporting standards

Nguyen

Nguyen²,

Ngoc³

et al. 2023

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The application of international financial reporting standards (IFRS) plays an important role in improving the quality of enterprises’ financial statements. At the same time, adopting IFRS makes it easier for companies to access foreign capital. Therefore, the use of IFRS is indispensable for Vietnamese enterprises, especially for companies listed on the stock market. This study was conducted to evaluate the effects of benefits and costs on Vietnamese enterprises’ choice to adopt IFRS. The research surveyed 157 companies. The results of regression analysis using Statistical Package for Social Sciences (SPSS) software show that benefits have a positive impact on Vietnamese companies’ decision to adopt IFRS. On the other hand, costs have a negative impact on IFRS adoption. Based on the results of this study, the trade-off theory is used to explain the relationship between the costs and benefits of applying IFRS. When businesses find that the costs are too great for the company or are not yet balanced by the benefits, they do not apply IFRS. Therefore, business leaders have a correct understanding of the difficulties and challenges of converting to IFRS and have a scientific, methodical, and clear plan and roadmap for the transformation. The authors also offer some suggestions for improving the application of IFRS.

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Section: International Financial Reporting Standardsmentioning

confidence: 99%

Benefits and costs of adopting international financial reporting standards

Nguyen

Nguyen²,

Ngoc³

et al. 2023

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“…Then, the amount of residual indicates the unsystematic risk of the investment. The standard deviation for the residuals will give the unsystematic risk for the one-year period (Bouslah et al, 2013;Chollet & Sandwidi, 2018;Sassen et al, 2016;Akbar et al, 2022;Oppong & Bruce-Amartey, 2022;Rahman & Islam, 2022). The equation can be further illustrated as follows:…”

Section: Data Collection and Analysismentioning

confidence: 99%

Effects of Environmental and Social Disclosures Practice on Firm Risks: Evidence From a Developing Nation

Yusoff¹,

Aziz²,

Ismail³

2023

R. Econ. and Finan.

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The purpose of this study is to explore the effects of environmental and social disclosures (ESD) on firm risk in Malaysia. The study utilises stakeholder theory because it explains the responsibilities of the firms towards the wide range of stakeholders that will then contribute to the economic performance of the firms and it has been widely used by researchers in corporate social responsibility studies. The data were collected through content analysis. The extent of ESD was obtained from the annual reports and sustainability reports for the year 2017, while the firm risk was calculated based on the share prices obtained from Bursa Station. The finding indicates the level of ESD is still low among the top 100 listed companies in Malaysia and the result from the hypotheses testing found the relationships between ESD with specific firm risks (total risk, systematic risk, unsystematic risk) are insignificant. The discovery infers investors have minimal demands and reliance on ES information of the country's public listed companies in making financial-related decisions. Apart from investors, other company's stakeholder groups also may not value the importance of ES-related activities including ESD. Nevertheless, this study provides an insight for (i) the regulators namely the government and Bursa Malaysia that continuous initiatives should be performed on ESD guidance and (ii) the companies on the need for new strategies towards a successful implementation of ESD.

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“…The second one was also assessed by 3 items (Bhasin, 2016;Osazevbaru, 2012;Rezaee et al, 2004). People factors were measured by forensic accounting education (Oppong & Bruce-Amartey, 2022;Rezaee et al, 2004;Rezaee et al, 2016), forensic accounting training (Bierstaker et al, 2006;DiGabriele, 2009;Efiong, 2012), and forensic accountant experiences (Hegazy et al, 2017;Meservy et al, 2006;Nicolae & Diana, 2017). Finally, the dependent variables, which is the successful implementation of forensic accounting practices, was evaluated based on three practices: accounting, auditing and forensic investigation as well as skills of forensic accountants.…”

Section: Research Measuresmentioning

confidence: 99%

Factors Implanted in the Successful Implementation of Forensic Accounting: An Empirical Study on Academicians and Practitioners

Alsheikh

Kareem

2022

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This study aimed at exploring factors implanted in the successful implementation of forensic accounting emphasizing both organizational and people derived factors. Organizational factors were limited to information technology solutions and creative accounting practices, while people factor was related to knowledge, skills, and experience. Prior research was reviewed for two purposes. First, to lay the foundations of research theoretical framework and hypotheses development. Second, to develop the questionnaire of the study by which the required data were gathered. A sample of academicians and practitioners comprising 120 participants was purposively selected. A total of 107 responses were used in the statistical phase, which was carried out with IBM SPSS and AMOS. The results showed that information technology solutions, absence of creative accounting practices, forensic accounting education, forensic accounting training, and forensic accountants’ experiences were significant predictors of the successful implementation of forensic accounting. Based on the results, this study contributes to the literature of forensic accounting by providing evidence on organizational and human factors that affect the successful implementation of forensic accounting. In addition, the results offer insightful educational and managerial implications. Universities, organizations, and accounting firms are recommended to consider the suggested model in order to elevate their implanting of forensic accounting efforts to detect fraud crimes.

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International Financial Reporting Standards, Board Governance and Accounting Quality: Preliminary Ghanaian Evidence

Cited by 4 publications

References 47 publications

Benefits and costs of adopting international financial reporting standards

Benefits and costs of adopting international financial reporting standards

Effects of Environmental and Social Disclosures Practice on Firm Risks: Evidence From a Developing Nation

Factors Implanted in the Successful Implementation of Forensic Accounting: An Empirical Study on Academicians and Practitioners

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