Auditors perceptions towards implementation of fair value according to IFRS13 in developing countries : evidence from Lebanon
Author
Source
Journal of Faculty of Commerce for Scientific Research
Issue
Vol. 51, Issue 2 (31 Jul. 2014), pp.14-17, 4 p.
Publisher
Alexandria University Faculty of Law
Publication Date
2014-07-31
Country of Publication
Egypt
No. of Pages
4
Main Subjects
Economics & Business Administration
Abstract EN
Purpose - This paper aims to identify the perceptions of the Lebanese auditors regarding the issues of benefits, limitations,challenges,and future offair value accounting(FVA)in Lebanon, especially after issuing IFRS 13 which considered a single measurement of fair value .
Methodology / Approach - The paper is based on data collected from 159 auditors in big 4 working in Lebanon.
The data analyzed using descriptive statistics and ANOVA Test.
Findings - The first hypothesis shovv.i that there was a significant optimistic of Lebanese auditors about the potential benefits from FVA adoption.
The second hypothesis found that there was a significant limitation from FVA adoption by Lebanese auditors.The third hypothesis also proves that there was a significant anticipates significant challenges from FVA adoption by Lebanese auditors .
Lebanon .
The researcher can recommend some strategies to overcome the challenges of FVA the most important strategies according to the results of the study are the following :FVA should be incorporated into accounting curricula of academic and professional training institution,In the beginning of implementing IFRS 13 the application of FVA shoud be limied to assets and liabilities for which having active market and Until Auditors are competent enough to audit financial reports that are freedom FVA, they should be limited to assets and liabilities for which having active market and Until Auditors are competent enough to audit financial reports that are freedom FVA, they should be provided with necessary expert support.
American Psychological Association (APA)
Hijazi, Wajdi Hamid. 2014. Auditors perceptions towards implementation of fair value according to IFRS13 in developing countries : evidence from Lebanon. Journal of Faculty of Commerce for Scientific Research،Vol. 51, no. 2, pp.14-17.
https://search.emarefa.net/detail/BIM-826961
Modern Language Association (MLA)
Hijazi, Wajdi Hamid. Auditors perceptions towards implementation of fair value according to IFRS13 in developing countries : evidence from Lebanon. Journal of Faculty of Commerce for Scientific Research Vol. 51, no. 2 (Jul. 2014), pp.14-17.
https://search.emarefa.net/detail/BIM-826961
American Medical Association (AMA)
Hijazi, Wajdi Hamid. Auditors perceptions towards implementation of fair value according to IFRS13 in developing countries : evidence from Lebanon. Journal of Faculty of Commerce for Scientific Research. 2014. Vol. 51, no. 2, pp.14-17.
https://search.emarefa.net/detail/BIM-826961
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-826961