The Influence of the Environmental Factors on the Adoption of the International Accounting System IAS/IFRS: Case of Iraq

Journal of Accounting, Finance and Auditing Studies 6/1 (2020): 66-85

20 Pages Posted: 29 Jan 2020

See all articles by Salam A. Al-Nasrawi

Salam A. Al-Nasrawi

affiliation not provided to SSRN

Thabit Thabit

Ninevah University

Date Written: January 2, 2020

Abstract

Purpose: This research aims to study the impact of local environmental factors on the adoption of International Accounting system in Iraq. So the main objective of the research can be the evaluation of the role of local environmental factors in selecting the best method to adopt International Accounting Standards (IAS), and International Financial Reporting Standards (IFRS).

Design/methodology/approach: The researchers prepared a questionnaire contains 28 paragraphs which were coded and divided into 7 parts showing the independent variables of the study (the environmental factors) and the dependent variable (the adoption of
IAS/IFRS)

Findings: The results of the research show that the local environment factors can effect on the choice of the country to adopt the best method of IAS/IFRS adoption, and the statistical analysis results show that there is a very good level of agreement for the participants about the effect of local environment factors on the adoption of IAS/IFRS.

Practical implications: The research offers insights to the need to activate national standards and principles that are appropriate to the local environment in order to adapt with the requirements of IAS/IFRS adoption.

Originality/value: The research presents significant pragmatic evidence in terms of its meticulous approach towards checking the robustness of results.

Keywords: International Accounting Standards, International Financial Reporting Standards, Local Environmental Factors, International Federation of Accountants, International Accounting Standards Committee.

JEL Classification: M4

Suggested Citation

Al-Nasrawi, Salam A. and Thabit, Thabit, The Influence of the Environmental Factors on the Adoption of the International Accounting System IAS/IFRS: Case of Iraq (January 2, 2020). Journal of Accounting, Finance and Auditing Studies 6/1 (2020): 66-85, Available at SSRN: https://ssrn.com/abstract=3514438 or http://dx.doi.org/10.2139/ssrn.3514438

Salam A. Al-Nasrawi

affiliation not provided to SSRN

Thabit Thabit (Contact Author)

Ninevah University ( email )

Al-Majmoaa St.
Mosul, Ninevah 41002
Iraq

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