Resistance or Change in the Vietnamese Accounting Field?

Nguyen, Lisa; Hooper, Keith

doi:10.2139/ssrn.2185148

Cited by 4 publications

(1 citation statement)

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“…However, it will take a long time for Vietnam to officially implement the standards. There are two key issues that remain to be addressed: the fact that Vietnam does not use market price but historical cost; and the provision of the gain (loss) in market price at the time a financial report is published (Nguyen et al ).…”

Section: Changing the Nature Of The Vietnamese Accounting Environmentmentioning

confidence: 99%

Measurement of Formal Convergence of Vietnamese Accounting Standards with IFRS

Nguyen

Gong

2014

Australian Accounting Review

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Convergence refers to the process of narrowing the differences between International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) and country-specific accounting standards. The purpose of this study is to measure the formal convergence between Vietnamese Accounting Standards (VAS) and IAS/IFRS using a fuzzy-based approach. We assess the extent of convergence between VAS and IAS/IFRS from the perspective of a single standard, clusters of standards and the standards as a whole. The levels of standards convergence are clustered into four categories: full convergence, substantial convergence, substantial difference and complete difference. Our results indicate that the level of convergence between the two sets of standards only achieves mid-level convergence. The findings of this study should help policy makers improve VAS to meet international standards.

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Section: Changing the Nature Of The Vietnamese Accounting Environmentmentioning

confidence: 99%