Research on Fairness of IASB Conceptual Framework in Financial Reporting

Sun, Yiting

doi:10.2991/aebmr.k.210917.017

Cited by 2 publications

(1 citation statement)

References 13 publications

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“…The authors concluded that IFRS for SMEs was crucial for NGOs to meet the high-quality standards set by the IASB. However, other studies found that complex local and international grant regimes confronted NGOs with different financial reporting requirements because their financial reporting practices by grant donors do not comply with the quality requirements set by the IASB (Mvunabandi, Lathleiff & Muzindutsi, 2022;Yiting, 2021). Thus, the NGO sector must improve its financial reporting practices and quality to satisfy diverse stakeholders' needs.…”

Section: Introductionmentioning

confidence: 99%

Perceptions of Non-Government Organisations Managers About International Financial Reporting Standards in NGOs Sector: A Case Study of a Large NGO in Durban, South Africa

MVUNABANDI

Mbonigaba

2023

IJESSS

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The role of international financial reporting standards (IFRS) in the growth of organisations has expanded significantly in recent literature. Non-governmental organisations (NGOs) are crucial in global affairs and have different operating contexts, but it is unclear how their use of IFRS is of sufficient quality to satisfy various stakeholders' interests. On this question, this article investigated the managers' perceptions of IFRS practices and quality in a large NGO in Durban, South Africa. A qualitative approach was employed, and data was collected through semi-structured interviews with 24 purposively selected participants. The interviews were recorded and later transcribed. Robustness analysis was performed using conventional thematic content analysis. Evidence from this study showed that despite adopting IFRS accounting and financial procedures, the managers of the selected NGO found it difficult to have quality financial statements due to IFRS for SMEs failing to fit NGOs' operating context. This article established NGOs managers' perceptions of the role of IFRS in managing diverse NGOs stakeholders' interests, provided recommendations applicable to similar NGOs globally and contributed to the scholarly debates for policymakers and practitioners on using IFRS for SMEs in NGOs. This study has also provided a very robust plan for future researchers.

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Section: Introductionmentioning

confidence: 99%

Perceptions of Non-Government Organisations Managers About International Financial Reporting Standards in NGOs Sector: A Case Study of a Large NGO in Durban, South Africa

MVUNABANDI

Mbonigaba

2023

IJESSS

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The International Accounting Standards Board’s 2018 Conceptual Framework on user perspective: An application of stakeholder theory

Raj,

Azam

2023

CGSR

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The Conceptual Framework (CF), published by the International Accounting Standards Board (IASB), serves as a guide for nations creating general-purpose financial reports (GPFRs) for organizations (Gore & Zimmerman, 2007). This study attempts to critically evaluate the decision of the IASB to limit the primary users of the GPFRs in the 2010 and 2018 CF to financiers only from a stakeholder theory perspective. This study used a qualitative meta-analysis method to incorporate earlier qualitative studies in the area to derive deeper meanings through an interpretive process. This study reaffirms the ongoing issue of why the IASB supports the financiers as the primary user group of GPFRs. We found that the managerial branch of stakeholder theory fully supports the decision of the IASB to limit the primary user of the GPFRs to financiers only as management considers the financiers as the most influential stakeholder group whose information needs must be fulfilled under all the circumstances. This study has added to the existing body of knowledge by bringing much-needed clarity to the preparers of GPFRs. However, from a broad user and other theoretical standpoint, we strongly advise future studies to critically analyze the implications of the IASB’s decision to reclassify financiers only as the primary users of GPFRs.

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Research on Fairness of IASB Conceptual Framework in Financial Reporting

Cited by 2 publications

References 13 publications

Perceptions of Non-Government Organisations Managers About International Financial Reporting Standards in NGOs Sector: A Case Study of a Large NGO in Durban, South Africa

Perceptions of Non-Government Organisations Managers About International Financial Reporting Standards in NGOs Sector: A Case Study of a Large NGO in Durban, South Africa

The International Accounting Standards Board’s 2018 Conceptual Framework on user perspective: An application of stakeholder theory

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