The Impact of IFRS Adoption on Canadian Firms’ Disclosure Levels

Mahjoub, Essafi El; Dicko, Saidatou

doi:10.5296/ijafr.v7i1.11136

Cited by 3 publications

(4 citation statements)

References 14 publications

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“…This shows that IFRS implementation has a significant role in MNCs where standardized work procures, regulations, persistence and thrift are considered significant, which, in turn, positively affect their choice measurement methods and information disclosure of financial statement items. The study's findings, to a certain extent support Mahjoub and Dicko (2017), who concluded that IFRS implementation positively influence accounting practices, which, in turn, improve comparability of companies' financial statements. However, do not support studies in other areas, such as Zouita et al (2019), who showed that IFRS adoption negatively mediate the association between the SMEs sector and FDI inflows.…”

Section: Discussionsupporting

confidence: 77%

“…Nevertheless, Emeni and Ugbogbo (2014) revealed that power distance has non-significant effect on accounting disclosure practices among 278 audit firms in Nigeria. Moreover, Mahjoub and Dicko (2017) showed that IFRS implementation has a significant positive influence on accounting practices, which, in turn, led to enhanced transparency and comparability of companies' financial statements. Furthermore, Borker (2013) found that low power distance positively influences IFRS implementation among countries and companies, including MNCs.…”

Section: Mediation Role Of Ifrs Implementation On Power Distance and ...mentioning

confidence: 99%

“…Borker (2013) suggest that, a highly individualistic culture positively correlates IFRS implementation. This suggests that the higher the level of individualism in companies, the greater the extent of IFRS implementation, which in turn, enhance transparency and comparability of financial statements (Mahjoub & Dicko, 2017;Mensah, 2021). Furthermore, Hamawandy et al (2021) showed that the benefits of IFRS mediate the association between cultural factors and IFRS acceptance among selected companies in Iraq.…”

Section: Mediation Role Of Ifrs Implementation On Individualism and A...mentioning

confidence: 99%

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The Mediating Role of IFRS Implementation on the Relationship between Cultural Dimensions and Accounting Practices of the Multinational Companies Operating in Tanzania

Ryoba,

Chalu

2023

BMR

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This paper examines the mediation role of International Financial Reporting Standards (IFRS) implementation at the firm level on the influence of cultural dimensions (power distance, individualism, uncertainty avoidance, masculinity, long-term orientation, and indulgence) on accounting practices of the multinational companies (MNCs) operating in Tanzania. Data was gathered from 209 accountants, auditors, finance managers, and directors of the MNCs. Hypotheses were tested using Ordinary Least Square (OLS) regression based on Hayes PROCESS macro tool. The study results reveal that the IFRS implementation negatively mediates the influence of power distance and masculinity on the accounting practices of the MNCs. Conversely, the results show that IFRS implementation positively mediates the influence of uncertainty avoidance, long-term orientation, and indulgence on the accounting practices of the MNCs. These results indicate that enhanced implementation of IFRS may increase the influence of uncertainty avoidance, long-term orientation, and indulgence; while suppressing the influence of power distance and masculinity on accounting practices. The results suggest that cultural factors should be considered alongside the implementation of IFRS when examining accounting practices within MNCs. The findings contribute to our understanding of the interplay between cultural dimensions, IFRS implementation, and accounting practices in the context of MNCs operating in Tanzania.

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Section: Discussionsupporting

confidence: 77%

Section: Mediation Role Of Ifrs Implementation On Power Distance and ...mentioning

confidence: 99%

Section: Mediation Role Of Ifrs Implementation On Individualism and A...mentioning

confidence: 99%

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The Mediating Role of IFRS Implementation on the Relationship between Cultural Dimensions and Accounting Practices of the Multinational Companies Operating in Tanzania

Ryoba,

Chalu

2023

BMR

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“…Although some studies examined risk disclosure practices in developing countries, such as Adamu (2013) in Nigeria; Hassan (2009; in the UAE; Abdallah et al (2015) in the GUlf Cooperation Council (GCC); Mokhtar and Mellett (2013) in Egypt; Al-Shammari (2014) in Kuwait; and Amran et al (2009) in Malaysia, none examined the issue within the Kingdom of Saudi Arabia (KSA). Studies on voluntary disclosures have shown that IFRS did influence various factors, including companies' disclosure levels in the financial statements (El Mahjoub & Dicko, 2017). However, given their recent adoption for non-financial Saudi Arabia firms, IFRS has not been extensively examined on the disclosure practice, particularly CRD, including the above studies.…”

Section: Adoption Of Ifrss Willmentioning

confidence: 99%

Firm’s size, mandatory adoption of IFRS and corporate risk disclosure among listed non-financial firms in Saudi Arabia

Alsheikh

Hassan

Mohd–Saleh

et al. 2021

AAMJAF

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This study examines the relationship between the mandatory adoption of International Financial Reporting Standards (IFRS) and the disclosures of corporate risk among non-financial firms in Saudi Arabia. Based on the observation of 320 firm-year from 2015 until 2017, this study reveals a positive relationship between the mandatory adoption of IFRS and the corporate risk disclosures. The relationship holds when we decompose corporate risk disclosures into financial and non-financial risk disclosures. The results are consistent for both the pooled Ordinary Least Squares (OLS) and random effects estimations. Additionally, the result is steady with all primary categories except risk management. We also provide evidence that large firms are more likely to adopt IFRS and reveal more risk information than small firms. This study’s findings are relevant for market regulators in their attempt to improve corporate risk disclosures among listed firms in Saudi Arabia.

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AAOIFI governance standards: Sharia disclosure and financial performance for Islamic banks

Albarrak¹,

El-Halaby²

2019

JGR

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The uniqueness of Islamic banks (IBs) is shown through compliance with Islamic law (Sharia) which is approved through Sharia Supervisory Board (SSB) and presented for stakeholders by Sharia Supervisory Board Report (SSBR). This study seeks to achieve three main objectives as follows: (1) it identifies the degree of IBs’ transparency in compliance with Sharia and their commitment with the governance standards that issued by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); (2) it aims to measure the impact of adoption AAOIFI on the degree of Sharia disclosure; and (3) it seeks to test the economic consequences of Sharia disclosure based on its impact on financial performance. We analyse content of annual reports and websites of 120 IBs across 20 different countries for year 2016. Regression analysis shows compliance level for Sharia disclosure based on our index for SSBR is 53% with higher level compliance for IBs that apply AAOIFI standards comparing with banks that adopting International Financial Reporting Standards (IFRS). Therefore, adopting AAOIFI has a positive effect on enhancing the degree of Sharia disclosure. Moreover, Sharia compliance has a positive influence on financial performance based on both Returns on Assets (ROA) and Tobin’s Q as a robustness test. This study adds value to Islamic accounting literature by being a primary study. There is a lack of research on the topic and this paper measures the consequences of Sharia disclosure over the financial performance of IBs as well as the role of Islamic standards (AAOIFI) in enhancing the image of Islamic banks through supporting their compliance with Sharia.

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The Impact of IFRS Adoption on Canadian Firms’ Disclosure Levels

Cited by 3 publications

References 14 publications

The Mediating Role of IFRS Implementation on the Relationship between Cultural Dimensions and Accounting Practices of the Multinational Companies Operating in Tanzania

The Mediating Role of IFRS Implementation on the Relationship between Cultural Dimensions and Accounting Practices of the Multinational Companies Operating in Tanzania

Firm’s size, mandatory adoption of IFRS and corporate risk disclosure among listed non-financial firms in Saudi Arabia

AAOIFI governance standards: Sharia disclosure and financial performance for Islamic banks

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