Measuring Compliance With IFRS Mandatory Disclosure Requirements

Ballas, Apostolos; Sykianakis, Nicos; Tzovas, Christos; Vassilakopoulos, Constantinos

doi:10.4018/978-1-5225-6114-9.ch011

Cited by 3 publications

(7 citation statements)

References 48 publications

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“…Prior studies have not reached at a definite conclusion regarding the relationship between ownership structure and the level of disclosure. For example, Gao and Kling (2012) and Ballas et al (2018) concluded a positive relationship between the two variables, while Pichler et al (2018) concluded a negative relationship. To examine both stated variables of ownership, we formulated the following two hypotheses: H4a: There is a significant positive relationship between concentrated ownership and the extent of compliance with IFRS disclosure requirements in GCC member states.…”

Section: Ownership Structurementioning

confidence: 99%

IFRS compliance in GCC countries: Do corporate governance mechanisms make a difference?

2021

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Section: Ownership Structurementioning

confidence: 99%

IFRS compliance in GCC countries: Do corporate governance mechanisms make a difference?

2021

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“…The reason for the differences in the results regarding the impact of ownership structure on IFRS compliance across countries could be influenced by the differences in the legal origins [13]. For instance, Ballas et al, [28] found that closely-held firms show a higher IFRS compliance. Meanwhile, Rahman and Hamdan [78] in Malaysia found that the there is no significant association between outside blockholders' ownership and the level of IFRS compliance.…”

Section: Institutional Shareholdingmentioning

confidence: 99%

“…The empirical evidence show that audit type or audit firm with international affiliation positively influence compliance with IFRSs. For instance, Ballas et al, [28] in Greece found that there is a positive relationship between having international big auditing firm and IFRS compliance. Ebrahim [69] in Egypt examined compliance and enforcement of IFRSs as well as the effect of independent audit quality on IFRS compliance.…”

Section: Audit Qualitymentioning

confidence: 99%

“…As such this study also considers that looking for other explanatory variables may be crucial. These explanatory variables may include those based on firm characteristics as identified by several studies [27][28][29][30][31][32][33][34]19]. According to Golan et al, [35] firm characteristics are the firm's resources and objectives which influence the performance of organizations.…”

Section: Introductionmentioning

confidence: 99%

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Antecedents of IFRS Compliance: The Moderating Effect of Audit Quality

Kabwe¹,

Mwanaumo²,

Chalu³

2021

JFA

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Despite the significant non-compliance with IFRS, most audit reports provide unqualified opinion which brings into question the audit quality in enforcing IFRS compliance. Therefore, the purpose of the study was to examine the antecedents of compliance with IFRS by focusing on the moderating effect of audit quality on the association of firm characteristics and IFRS compliance. The collection of data was done through quantitative content analysis of annual reports of 20 Zambian listed companies and Zambia Institute of chartered Accountants covering the years 2012 to 2018. Being a longitudinal study requiring panel data analysis, a Hausman test was done to choose the model to employ. The Hausman test showed that the random effect model was suitable. Results indicate that audit quality moderates the association of firm characteristics and IFRS compliance. Also, there was a positive association between firm size and compliance with IFRS. There was a negative association between firm profitability and compliance with IFRS. However, there was a statistically insignificant positive association between foreign investors, institutional investors, audit quality and IFRS compliance. The study suggests that large companies are expected to comply more with IFRSs and profitable firms withhold financial information. Audit quality was not impaired probably due to the size of the audit firms and international affiliation. Meanwhile, the influence of institutional investors and foreign investors on IFRS compliance was insignificant probably because both institutional and foreign investors in Zambian listed companies are transient investors without significant incentives to demand financial disclosures and they may have other means to access financial information. The financial reporting regulators should focus on enhancing audit quality for listed companies in Zambia and even in other African countries. Future research can focus on the relevance of IFRS disclosures to the domestic investors in Africa considering the cultural differences both at firm and national-level.

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“…Literature regarding IFRS compliance showed mixed results (Agyei-Mensah, 2019;Alfraih & Almutawa, 2017;Allini, Ferri, Maffei, & Zampella, 2019;Al Mutawaa & Hewaidy, 2010;Al-Shammari, 2011;Ballas, Sykianakis, Tzovas, & Vassilakopoulos, 2018;Bova & Pereira, 2012;Demir & Bahadir, 2014;Ebrahim & Abdel Fattah, 2015;Fekete, Matis, & Lukács, 2008;Halbouni & Yasin, 2016;Hla et al, 2013;Tauringana & Chithambo, 2016;Tsalavoutas, 2011), which led many researchers to investigate these contradictory findings by conducting more studies in the area.…”

Section: Financial Reporting Quality: Compliancementioning

confidence: 99%

Compliance with IFRS 7 by financial institutions: evidence from GCC

Hussainey

2020

Int J Discl Gov

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The purpose of this paper is to address the essential steps for constructing a compliance index. It answers the research question: 'What are the guidelines for constructing the compliance index with IFRS 7?' To conduct this study, an index is constructed based on the disclosure requirements of financial instruments (i.e. IFRS 7). The sample includes listed banks from the GCC countries that adopted IFRS mandatorily from 2011 to 2017. Further, a descriptive analysis is employed. The findings emphasise the significant role of the steps outlined in constructing the index. Despite the importance of all the steps mentioned (basic source, materiality, reliability, validity, and scoring), there are some forms that can be considered as alternatives for each other. Overall, clarifying these steps for constructing an index will no doubt increase the effectiveness of the tool used for measuring the compliance level. Consequently, future researchers can concentrate more on other types of requirement, such as measurement and presentation. They may also include non-financial sectors and give more attention to the other scoring methods mentioned in the study.The study contributes to the IASB by supporting their efforts towards improving disclosure, especially in mandatory cases. It also supports all initiatives and efforts of policy makers, government institutions, and formal associations. The study presents illustrative steps to establish an index under the basic requirements (narrative study). Moreover, it provides a new index to measure cross-country compliance with IFRS 7.

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Measuring Compliance With IFRS Mandatory Disclosure Requirements

Cited by 3 publications

References 48 publications

IFRS compliance in GCC countries: Do corporate governance mechanisms make a difference?

IFRS compliance in GCC countries: Do corporate governance mechanisms make a difference?

Antecedents of IFRS Compliance: The Moderating Effect of Audit Quality

Compliance with IFRS 7 by financial institutions: evidence from GCC

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