Pros and Cons of Convergence with International Financial Reporting Standards in a Developing Country: The Practitioner’s View
Main Article Content
This study aims to gauge the practitioner’s view on convergence with International Financial Reporting Standards (IFRS) in a developing country. Semi-structured
interviews with accounting practitioners were conducted to achieve this objective. While the benefits of convergence with IFRS were widely acknowledged among
the respondents, they also claimed that IFRS posed a few problems and were disadvantageous to Malaysian companies. The findings from this study could give
insights to the International Accounting Standards Board, standard-setters, professional accounting bodies and investors, locally and from abroad who have profiles similar to Malaysia, on how they could improve the process of convergence with IFRS.
The Asian Journal of Accounting Perspectives (AJAP) articles are published under a licence equivalent to the Creative Commons Attribution-NonCommercial-NoDerivs License (CC BY-NC-ND). The licence allows users to copy, distribute, and transmit an article as long as the author is attributed. The article is not used for commercial purposes. The work is not modified or adapted in any way.
Authors are required to sign the Exclusive License to Publish agreement upon publication in the AJAP. The agreement grants the Publisher (Faculty of Business and Accountancy, Universiti Malaya) to publish and disseminate the articles.
Articles published in the AJAP are digital, online, free of charge, and free of most copyright and licensing restrictions.
Article Processing Charge
Articles publish in AJAP is free submission, production and publication charges. However, all accepted articles are required for language editing. The AJAP officially appointed and outsourced proofreader will conduct this process, and the authors will cover the cost. AJAP does not profit from this process and transaction.