Comparative Accounting – Is It Still Relevant in Today’s Global Era of Convergence?

  • Wan Fuziraihan Wan Abdul Rahim Faculty of Business and Accountancy, University of Malaya
  • Shahrul Zariah Mastuki Faculty of Business and Accountancy, University of Malaya
  • Yusni Nawi Faculty of Business and Accountancy, University of Malaya
  • Ervina Alfan Faculty of Business and Accountancy, University of Malaya

Abstract

This essay discusses the relevance of comparative accounting in the midst of convergence efforts championed by the international accounting standard setter – the International Accounting Standards Board (IASB). Obstacles to comparability in reference to respective countries’ various attributes, namely the regulatory regime and capital market are discussed. In addition, other specific factors such as business and financial environments as well as accounting and auditing culture are also discussed. The essay concludes that although the process of convergence is swiftly taking place worldwide, comparative accounting still remains an important topic to address within all international accounting subjects.

Published
2009-12-01
How to Cite
WAN ABDUL RAHIM, Wan Fuziraihan et al. Comparative Accounting – Is It Still Relevant in Today’s Global Era of Convergence?. Asian Journal of Accounting Perspectives, [S.l.], p. 79-83, dec. 2009. ISSN 0128-0384. Available at: <https://ajap.um.edu.my/index.php/AJAP/article/view/3648>. Date accessed: 19 nov. 2017.