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National and international financial reporting standard convergence and the relevance for non-participants in capital markets : a preparer perspective

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journal contribution
posted on 2005-07-01, 00:00 authored by Victoria Wise, J Faux
This study presents some implications of recent policy moves to enhance the harmonization of financial reporting and disclosure by adopting international financial reporting standards. In particular the impact on small organizations that do not participate in capital markets is considered. The results of a survey of practitioners indicate a perception that the non-capital market sector is likely to be significantly affected by additional reporting burden that convergence with international financial reporting standards imposes. On the whole the results show there was concern that the traditional users of the financial reports of organizations who do not participate in capital markets, would have limited if any, use for financial reports that conformed to international financial reporting standards, The results of this study have implications for nations such as Malaysia and New Zealand, which are currently engaging in the differential reporting debate.

History

Journal

Malaysian accounting review

Volume

4

Location

Selangor, Malaysia

Open access

  • Yes

ISSN

1675-4077

Language

eng

Notes

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Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2005, U P E N A [now Malaysian Accountancy Research and Education Foundation (MAREF)]

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