Abstract

The purpose of this study is to determine the factors that influence the application of the International Financial Reporting Standards (IFRS) in Vietnam through the perceptions of business managers and auditors. Combining qualitative and quantitative research methods based on a comprehensive analysis and aggregation of information available from various sources, the results of the questionnaire interviews of 500 managers and auditors currently working in Vietnam are offered. The results of the study show that factors affecting the applicability of IFRS in Vietnam are: legal basis for accounting activities; characteristics of enterprises; qualification and competency of the accounting teams; and corporate governance. The study also finds that governance factors and socio-economic and cultural conditions have an uncertain influence on the IFRS applicability. At the same time, there is no significant difference in awareness of the ability to apply IFRS between the group of enterprise managers and auditors and groups of people with different work experience. Among them, the qualifications and competencies of the accountant teams and the characteristics of enterprises are the two factors that have the strongest impact on the applicability of IFRS in Vietnam.

Details

Title
Factors affecting the application of IFRS through the perceptions of business managers and auditors in Vietnam
Author
Dung-Thi Doan; Lan-Ngoc Thi Nguyen; Hai Phan Thanh  VIAFID ORCID Logo 
Pages
371-384
Section
Articles
Publication year
2020
Publication date
2020
Publisher
Business Perspectives Ltd.
ISSN
17277051
e-ISSN
18105467
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
3102488383
Copyright
© 2020. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.