Obstacles To The Adoption Of The IAS/IFRS In Tunisia

Boumediene, Salem Lotfi; Zarrouk, Ridha; Tanazefti, Ines

doi:10.19030/jabr.v32i3.9646

Cited by 8 publications

(7 citation statements)

References 19 publications

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“…The specificities of the Tunisian context are characterized by an accounting system that provides some flexibility in the choice of accounting policies, and by a flexible tax legislation characterized by a tax benefits system offering a wide latitude in terms of tax management that creates a favorable ground for discretionary earnings and tax management practices, which creates discrepancies in earnings (Boumediene, Zarrouk, & Tanazefti, ). In fact, a close link between accounting and Tunisian taxation has existed for nearly a century and has so far resisted the profound changes brought about by the global impact of the international financial reporting standards (IFRS) standards on accounts' company.…”

Section: Accounting‐tax System Regulation In Tunisiamentioning

confidence: 99%

Book‐Tax Differences, Corporate Governance Effectiveness and Audit Quality: An Interactive Effects

Riguen¹,

Kachouri²,

Jarboui³

2018

J Corp Accounting Finance

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In this article, we aim to answer the important questions of whether the corporate governance effectiveness affects the relationship between book‐tax differences (BTDs) and audit quality. We also aim to determine whether the variability between BTDs and audit quality is moderated by corporate governance index (CGI). The primary aim of the present study is to contribute to improving the existence of an interaction between BTDs, audit quality, and CGI. This study uses a sample of 28 nonfinancial listed Tunisian companies and covers an eight‐year period from 2005 to 2015. To test the hypotheses of this research, a generalized least squares (GLS) and ordinary least squares (OLS) regression was applied. The results obtained show that, for the Tunisian companies, a positive association between BTDs and audit quality. The current study also provides evidence that corporate governance moderates the relationship between BTDs and audit quality. The findings may be of interest to the academic researchers, practitioners and regulators who are interested in discovering the quality of corporate governance practices and tax practices in Tunisian context. The findings of this study can help Tunisian regulators in creating corporate governance disclosure requirements. The findings also provide the African business community insights concerning audit quality, tax practices, and corporate governance. This article extends the existing literature, by examining the inter‐relationship between corporate governance, BTDs, and audit quality. © 2019 Wiley Periodicals, Inc.

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Section: Accounting‐tax System Regulation In Tunisiamentioning

confidence: 99%

Book‐Tax Differences, Corporate Governance Effectiveness and Audit Quality: An Interactive Effects

Riguen¹,

Kachouri²,

Jarboui³

2018

J Corp Accounting Finance

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“…depreciation, revenue recognition and provisions). As an illustration, the findings of Boumediene et al (2016, p. 628) show that Tunisian “companies prepare their financial statements first by tax rules and then by accounting regulations”. Consequently, any rejection by taxation authorities of an economically based accounting treatment discourages fair presentation and undermines accounting transparency (ROSC, 2006, p. 16) and in this respect, EAS “was gradually transformed into a system of bookkeeping and tax calculation” (CPA12).…”

Section: Results and Interpretationsmentioning

confidence: 99%

“…In their Report of Observance of Standards and Codes, published in 2006 (ROSC, 2006), these experts indicate that “the TAS are the subject of certain imperfections and are not adapted to modern capital market transparency requirements” ROSC (2006, p. 11). In the same direction, Boumediene et al (2016) conclude that some international accounting rules and principles, which TAS has adopted, are not easy to apply because of their non-compliance with the local accounting culture, which is impregnated by the tax rules.…”

Section: Theoretical and Regulatory Backgroundmentioning

confidence: 98%

The rough road towards accounting harmonization of a developing country with a French accounting culture

Slama

Oussii

Klibi

2021

ARJ

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Purpose The purpose of this paper is to investigate in-depth and explain the issues related to the experience of Tunisia, a developing country, in its attempt to move from Euro-Continental rule-based generally accepted accounting principles (GAAPs) to an accounting system adapted to international financial reporting standards (IFRS). Design/methodology/approach The study is conducted via a qualitative methodology based on a content analysis of primary data from interviews with key actors involved in financial reporting in Tunisia. Findings Findings reveal that local Tunisian GAAPs, adapted to IFRS in their 1996 version, failed to establish a financial reporting accounting culture and meet public-interest firms’ informational needs. This is mainly related to factors, such as the simplified methods adopted (generally adequate to the identified needs of users of small and medium-sized entity financial statements) and the hybrid aspect of the Tunisian accounting standards due to the co-existence of Euro-Continental and Anglo-Saxon parties. Moreover, the findings show that the lack of political willpower and the absence of updates to changes in IFRS have compromised the proper functioning of standardization and control structures. Practical implications The study’s results may interest regulators and policymakers of many developing countries that have not pursued the harmonization of their local GAAPs with IFRS. In addition, findings from the research provide insights into the rough road towards harmonization, the dysfunctions of the latter and delays in developing countries. Originality/value The research highlights the complexity for an emerging country with Euro-Continental accounting traditions to move to IFRS.

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“…By deciding to adopt the international accounting standards IAS 32 and IAS 39/IFRS, Tunisian authorities have launched a task to prompt a fast transition to dislodge many regulatory barriers. These constraints included a strong presence of small and medium companies, the tax system and the accounting system, the conservative attitude of leaders and the high concentration of ownership (Boumediene et al, 2016).…”

Section: Institutional Background In Tunisiamentioning

confidence: 99%

Risk reporting appraisal in post-revolutionary Tunisia

Hemrit

2018

JFRA

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Purpose This paper aims to investigate the determinants of operational and liquidity risk reporting for the Tunisian insurance and banking sectors after the outbreak of the Tunisian revolution on 14 January 2011. Design/methodology/approach A manual content analysis approach was used to measure risk disclosure by counting the number of risk-related words within risk-related sentences in a wide range of publications. Findings The results show that operational risk disclosure is associated positively with operational losses frequency, institution size and the proportion of independent non-executive members of the board of directors. Also, board size is found to be negatively associated with risk disclosure. Moreover, net stable funding ratio, size and proportion of independent non-executive members have a positive effect on liquidity risk disclosure. The authors also discover that infrequency of board meetings and the presence of young members on the board increase the extent of liquidity risk information. Research limitations/implications The research focuses on a small number of observations which somewhat restrict the generalization of results to the entire class of financial sector in Tunisia. Also, the qualitative character of some supposed explanatory variables (frequency and severity of operational risk) relies heavily on the experiences of interviewees and their basic perceptions. Practical implications Investors might do well to rely on such characteristics (large board size, less active board and a high proportion of non-executive directors) to predict the disclosure of risk information, either operational or liquidity risk. Board members should keep an eye on reporting on risk, by promoting the success keys of governance, because good corporate governance has to be recognizable at first to be an effective value driver. Originality/value The findings rationalize the debate over the impact of improved corporate governance on risk disclosure practices within the context of the Tunisian revolution. The logic of this rationalization may help to promote political incentives that will encourage a risk management culture based on a dynamic communication framework.

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Obstacles To The Adoption Of The IAS/IFRS In Tunisia

Cited by 8 publications

References 19 publications

Book‐Tax Differences, Corporate Governance Effectiveness and Audit Quality: An Interactive Effects

Book‐Tax Differences, Corporate Governance Effectiveness and Audit Quality: An Interactive Effects

The rough road towards accounting harmonization of a developing country with a French accounting culture

Risk reporting appraisal in post-revolutionary Tunisia

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