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Has the harmonisation of accounting practices improved? Evidence from South Asia

Kamran Ahmed (Latrobe University)
Muhammad Jahangir Ali (Department of Accounting, La Trobe University, La Trobe University, Australia)

International Journal of Accounting & Information Management

ISSN: 1834-7649

Article publication date: 5 October 2015




This paper aims to examine whether the level of harmonization of accounting measurement practices in three South Asian countries – Bangladesh, India and Pakistan – has improved since 1998 as a result of the changes, in recent years, globally in accounting measurement practices due to the substantial efforts of the International Accounting Standards Board (IASB). South Asian countries have taken a number of steps and made changes in accounting regulations to support the IASB’s harmonization programme.


In all, 370 non-financial companies for the financial years 1997-1998 and 2007-2008 were used, and consistent with Ali et al. (2006), Van der Tas’s (1988) I index and Archer et al.’s (1995) modified C index were used to measure the extent of harmonization.


It was found that the level of measurement harmonization has significantly improved over the years in selected South Asian countries.


The results suggest that the harmonization of accounting will most likely ensure a greater level of transparency and uniformity in corporate reporting practices (measurement) in South Asian countries and throughout the world as promoted by the IASB.



The authors would like to acknowledge the financial support of La Trobe University and helpful comments and suggestions from Darren Henry. They would also like to thank Alamgir Hossain Sarkar and Iftekhar Hasib for their assistance with data collection. Any remaining errors are the authors ' alone.


Ahmed, K. and Ali, M.J. (2015), "Has the harmonisation of accounting practices improved? Evidence from South Asia", International Journal of Accounting & Information Management, Vol. 23 No. 4, pp. 327-348.



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