Convergence with International Financial Reporting Standards: The Case of Indonesia

Hector Perera, Nabil Baydoun

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

39 Citations (Scopus)


Accounting professional bodies and governments in over 70 countries have supported the efforts made through the Indian Accounting Standards Board (IASB) in setting global accounting standards by adopting International Financial Reporting Standards (IFRSs) for local financial reporting purposes. However, this has not happened in over 30 other countries due to various reasons. The US standard setters, for example, have decided to eliminate the differences between IFRSs and US Generally Accepted Accounting Principles (US GAAP) first as part of their convergence project with the IASB. Also, some emerging nations have not supported IFRSs due to other reasons. In Indonesia, for example, IFRSs are not permitted for domestic listed companies. The purpose of this paper is to provide an understanding of the possible reasons for non-adoption of IFRSs in Indonesia by highlighting some of the important factors that are likely to influence the accounting environment in that country, taking an ecological perspective.

Original languageEnglish
Title of host publicationAdvances in International Accounting
Number of pages24
Publication statusPublished - 2007

Publication series

NameAdvances in International Accounting
ISSN (Print)08973660


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