Relevance of international financial reporting standards to emerging markets : evidence from Saudi Arabia
Author
Source
Arab Journal of Administrative Sciences
Issue
Vol. 21, Issue 1 (31 Jan. 2014), pp.105-127, 23 p.
Publisher
Kuwait University Academic Publication Council
Publication Date
2014-01-31
Country of Publication
Kuwait
No. of Pages
23
Main Subjects
Financial and Accounting Sciences
Banking and Financial Sciences
Topics
Abstract EN
The primary purpose of this study is to examine the relevance of IFRS in an emerging market (Saudi Arabia) and to explore advantages, disadvantages, and obstacles.
Because this study follows an inductive approach, 10 semi-structured interviews were undertaken in order to uncover any relevant issues and, to supplement the findings, a questionnaire survey was distributed among three groups of respondents, namely, accounting academics, financial managers, and external auditors.
The findings show that most participants were in favour of the immediate convergence with IFRS, as they would serve the needs of both the accounting profession and users of financial reporting in Saudi Arabia better than the current accounting standards.
These findings could be helpful for Saudi regulators in their attempts to develop accounting principles and policies applicable to all Saudi entities in accordance with global standards.
American Psychological Association (APA)
al-Ghamidi, Salim Ali. 2014. Relevance of international financial reporting standards to emerging markets : evidence from Saudi Arabia. Arab Journal of Administrative Sciences،Vol. 21, no. 1, pp.105-127.
https://search.emarefa.net/detail/BIM-643597
Modern Language Association (MLA)
al-Ghamidi, Salim Ali. Relevance of international financial reporting standards to emerging markets : evidence from Saudi Arabia. Arab Journal of Administrative Sciences Vol. 21, no. 1 (Jan. 2014), pp.105-127.
https://search.emarefa.net/detail/BIM-643597
American Medical Association (AMA)
al-Ghamidi, Salim Ali. Relevance of international financial reporting standards to emerging markets : evidence from Saudi Arabia. Arab Journal of Administrative Sciences. 2014. Vol. 21, no. 1, pp.105-127.
https://search.emarefa.net/detail/BIM-643597
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 123-127
Record ID
BIM-643597