Disclosure harmonization of accounting practices: the case for South Asia
Purpose – The purpose of this study is to examine the extent of disclosure harmonization in selected accounting disclosure practices in three South Asian countries, namely, India, Pakistan and Bangladesh. Design/methodology/approach – The study is based on a sample of 566 non-financial companies for the financial year 1998. A total of 91 disclosure items were selected from 13 common IAS-based accounting standards. The I index and chi-square statistics are used to measure the degree of disclosure harmonization. Findings – The values of the I index show a relatively higher degree of disclosure harmonization in the areas of inventories, cash flow statements, consolidated financial statements, investment in subsidiaries, and borrowing costs. A lower level of harmonization is observed in the areas of taxes on income, leases, retirement benefit costs, and investments. Originality/value – These finding have implications for the national standard setters and regulators as well as the International Accounting Standards Board (IASB) and the South Asian Federation of Accountants (SAFA). These bodies may work together for the improvement of comparability of financial reporting in the region.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 14 (2006)
Issue (Month): 1 (July)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://emeraldgrouppublishing.com/products/journals/journals.htm?id=ara Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Street, Donna L. & Gray, Sidney J. & Bryant, Stephanie M., 1999. "Acceptance and Observance of International Accounting Standards: An Empirical Study of Companies Claiming to Comply with IASs," The International Journal of Accounting, Elsevier, vol. 34(1), pages 11-48.
- Emenyonu, Emmanuel N. & Gray, Sidney J., 1996. "International accounting harmonization and the major developed stock market countries: An empirical study," The International Journal of Accounting, Elsevier, vol. 31(3), pages 269-279.
When requesting a correction, please mention this item's handle: RePEc:eme:arapps:v:14:y:2006:i:1:p:168-186. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Louise Lister)
If references are entirely missing, you can add them using this form.