IFRS Compliance and Nonfinancial Information in Annual Reports of Malaysian Firms

Hla, Daw Tin and Md Isa, Abu Hassan bin and Shaikh, Junaid M. (2013) IFRS Compliance and Nonfinancial Information in Annual Reports of Malaysian Firms. IUP Journal of Accounting Research & Audit Practices, 12 (4). pp. 7-24. ISSN 0972-690X

[img]
Preview
PDF
IFRS compliance and nonfinancial information in annual reports (abstract).pdf

Download (95kB) | Preview
Official URL: http://eds.a.ebscohost.com/ehost/detail?sid=e528f4...

Abstract

This study analyzes the level of International Financial Reporting Standards (IFRS) compliance practice by the nonfinancial corporations from the different sectors, listed on the main market of Bursa Malaysia. It also analyzes the association between the level of IFRS compliance practice and nonfinancial information like early adoption of IFRS, good corporate governance practice, transparency and disclosure in their annual reports, etc. Research methodology includes content analysis to measure the level of IFRS compliance practice in annual reports of the firms, based on the measurement attributes of disclosure requirements of commonly used 14 IFRS. Multiple regression model estimates the instrumental nonfinancial variables that are accounted for the financial reporting with higher IFRS compliance practice by the firms in Malaysia. The findings highlight that financial reporting with the higher level of IFRS compliance in the annual reports is positively associated with nonfinancial factors like early adoption of IFRS, corporate governance, and transparency and disclosure practice. This study contributes to the evidence of higher IFRS compliance practice by the firms in Malaysia, and reveals the significant role of nonfinancial factors in achieving the mission of full convergence with IFRS in the internationalization of accounting in Malaysia.

Item Type: E-Article
Additional Information: Universiti Malaysia Sarawak, UNIMAS
Uncontrolled Keywords: UNIMAS, University Malaysia Sarawak, IFRS Compliance and Nonfinancial Information, 2013, Malaysian Firm
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 19 Feb 2014 03:16
Last Modified: 10 Mar 2015 03:01
URI: http://ir.unimas.my/id/eprint/591

Actions (For repository members only: login required)

View Item View Item