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A conformity test of corporate financial disclosures in Asian and Middle East countries

conference contribution
posted on 2004-01-01, 00:00 authored by Saeed Askary, B Jackling
This paper investigates the financial disclosure practices of corporate annual reports published in Asian countries including Bangladesh, Indonesian, Malaysia and the Middle East countries including Bahrain, Iran, Jordan, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia and Turkey. The purpose of the study is to measure the financial disclosure diversity in these countries, with a view to developing a classification of their similarities and differences in respect to their compliance with International Accounting Standards (IASs). Annual reports of 132 public companies listed on the relevant countries stock exchanges are the central data source, supplemented with other reliable information about financial disclosure practices in each country. A disclosure checklist adopted from all IASs and summarised in 306 individual items of financial disclosures is used as a means of extending an understanding of financial reporting literature. Additionally, it provides an indication of voluntary progress towards harmonisation of international accounting practices in several Asian and Middle Eastern countries. Results show the degree of conformity with IASs from less to high conformity is: Saudi Arabia, Qatar, Bangladesh, Iran, Bahrain, Jordan, Pakistan, Oman, Turkey, Malaysia, Kuwait and Indonesia.

History

Title of proceedings

Fourth Asia Pacific Interdisciplinary Research in Accounting Conference APIRA 2004 Proceedings

Event

Asia Pacific Interdisciplinary Research in Accounting Conference (4th : 2004, Singapore)

Pagination

1 - 35

Publisher

Nanyang Technological Univeristy, Nanyang Business School

Location

Singapore

Place of publication

Singapore

Start date

2004-07-04

End date

2004-07-06

Language

eng

Publication classification

E1 Full written paper - refereed

Copyright notice

2004, Nanyang Technological University

Editor/Contributor(s)

L Parker, A Low

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