Pros and Cons of Convergence with International Financial Reporting Standards in a Developing Country: The Practitioner’s View

  • Mazni Abdullah Faculty of Business and Accountancy, University of Malaya
  • Noor Sharoja Sapiei Faculty of Business and Accountancy, University of Malaya

Abstract

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.

Published
2013-12-01
How to Cite
ABDULLAH, Mazni; SAPIEI, Noor Sharoja. Pros and Cons of Convergence with International Financial Reporting Standards in a Developing Country: The Practitioner’s View. Asian Journal of Accounting Perspectives, [S.l.], p. 37-49, dec. 2013. ISSN 0128-0384. Available at: <https://ajap.um.edu.my/index.php/AJAP/article/view/3685>. Date accessed: 21 nov. 2017.