The pathway of transition to International Financial Reporting Standards (IFRS) in developing countries

Evidence from Indonesia

Agus Fredy Maradona, Parmod Chand*

*Corresponding author for this work

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This study adds to the current discourse about the pathway of transition to International Financial Reporting Standards (IFRS) in developing countries. We examine the dynamics of accounting standard development in Indonesia with emphasis on the process of convergence of the country's national accounting standards and IFRS. Using teleological process theory as a theoretical lens, this study finds that different sets of objectives have initiated and directed the changes in Indonesian accounting standards since their early development to the implementation of current convergence programmes. Based on Indonesia's experience, we also highlight several issues and challenges in the gradual implementation of IFRS. The insights provided are potentially useful in determining the success of the current IFRS convergence programmes undertaken in other jurisdictions.

Original languageEnglish
Pages (from-to)57-68
Number of pages12
JournalJournal of International Accounting, Auditing and Taxation
Volume30
Early online date21 Dec 2017
DOIs
Publication statusPublished - Mar 2018

Keywords

  • Accounting convergence
  • Accounting standards
  • Developing countries
  • IFRS
  • Indonesia
  • Process theory

Fingerprint Dive into the research topics of 'The pathway of transition to International Financial Reporting Standards (IFRS) in developing countries: Evidence from Indonesia'. Together they form a unique fingerprint.

Cite this