The Impact of Adopting IASs on the Jordanian Environment: The Perspective of Accountants, Auditors and Academicians 'An Exploratory Study'
International Conference on Business Globalization: Challenges and Opportunities in the 21st Centry
36 Pages Posted: 19 Nov 2008
Date Written: April 22, 2008
Motivated by the perception, or even the mere fact, that accounting is a social science, which is involved in the process of globalization through the issuance of International Accounting Standards (IASs), this study is conducted in order to examine the impact of adopting the IASs on the Jordanian environment through three dimensions, namely, social, economic and political, from the perspective of accountants auditors and academicians. It is found that adopting IASs by Jordan implies social, economic and political impacts, which can be sorted by being based on the magnitude of the population's agreement on them as follows; economic, political, and then the social. It is recommended that the differences between countries have to be considered when setting any standards related to any social science beside examining their appropriateness and impacts before the application. Moreover, the advantage of economic globalization should be carefully handled, since it holds double-sided effects.
Keywords: Accounting Standards, International Standards, IASs, Harmonization, Social Impact, Economic Impact, Political Impact, Economic Globalization
JEL Classification: M41, O19
Suggested Citation: Suggested Citation