Implementation of International Financial Reporting Standards (IFRS) in Developing Countries

Abstract

The purpose of this study is to review a synthesis of International Financial Reporting Standards (IFRS) implementation in developing countries in an attempt to provide directions for future research. The in-depth analysis was performed with the use of the data analysis tool available in the Scopus databases. The study initially reviewed 145 papers and in particular 35 papers were analysed. Fifteen articles (43%) were published in seven journals including International Journal of Accounting, Critical Perspectives on Accounting, Advances in Accounting, International Journal of Accounting and Information Management, Asian Review of Accounting, Journal of Applied Accounting Research, and Asian Journal of Business and Accounting. Specifically, 89% citations were from 14 articles, but 9 (25%) articles were without any citations. Most of the studies focus on qualitative followed by quantitative, and very few studies were based on mixed methods. Researchers should focus on few areas for future research on IFRS implementation in developing countries including theory implications, policy prescriptions, and case of particular standard.

Citation

Nurunnabi, M. (2021), "Implementation of International Financial Reporting Standards (IFRS) in Developing Countries", International Financial Reporting Standards Implementation: A Global Experience (Contributions to International Accounting), Emerald Publishing Limited, Leeds, pp. 11-76. https://doi.org/10.1108/978-1-80117-440-420211002