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Accounting development in a changing environment: the case of Tunisia

Fatma Ben Slama (Institut Supérieur de Comptabilité et d’Administration des Entreprises, University of Manouba, Manouba, Tunisia and Laboratoire Interdisciplinaire de Gestion Universté – Entreprise (LIGUE), Tunis, Tunisia)
Mohamed Faker Klibi (Department of Accounting and Finance, Ecole Supérieure des Sciences Economiques et Commerciales – University of Tunis, Montfleury, Tunisia and Laboratoire Interdisciplinaire de Gestion Université – Entreprise (LIGUE), Tunis, Tunisia)

International Journal of Law and Management

ISSN: 1754-243X

Article publication date: 11 September 2017

522

Abstract

Purpose

The purpose of this paper is to discuss accounting development in Tunisia, which is a developing North African country little known in the international accounting literature.

Design/methodology/approach

Methodologically, this paper is based on an exploratory approach. It uses the descriptive tradition of research by collecting and analyzing numerical and narrative data to identify and describe environmental factors that favor or hamper accounting development in Tunisia.

Findings

This paper indicates that Tunisian companies have been applying the Enterprise Accounting System (EAS) since 1996. This system, while keeping with the logic of a chart of accounts, represents a first attempt to harmonize with international accounting standards. Accounting harmonization in Tunisia is meant to support the strategy, launched in the early 1990s, to integrate the country into the globalization process. Accordingly, the EAS has helped to achieve macroeconomic benefits (public interests). However, it does not lead to the desired level of financial transparency (private interests), especially that of large companies. Currently, Tunisian Accounting Standards neither reflect the rapid evolution of business activity nor changes in international accounting standards. This unachieved harmonization has led some listed companies to comply with some International Financial Reporting Standards which are not included in the EAS.

Research limitations/implications

The unachieved harmonization in Tunisia is mainly related to the political system, taxation factors, the legal system, the weak state of corporate governance and governmental control over standardization.

Practical implications

This paper provides insights into the problems of developing countries that harmonize with international standards to achieve public interests. These countries may encounter many difficulties in bringing their accounting standards up to date. These difficulties seem to be associated with environmental specificities. Accordingly, international standardization bodies and developing country regulators should take into account environmental factors which are determinant for the harmonization decision to succeed.

Originality/value

This paper contributes to the existing literature on accounting development in developing countries. It implies that recent accounting development, as it is designed in Tunisia, is better suited to the needs of small businesses. Large companies would be compelled to complement local generally accepted accounting principles by standards they choose, voluntarily, among international standards.

Keywords

Citation

Ben Slama, F. and Klibi, M.F. (2017), "Accounting development in a changing environment: the case of Tunisia", International Journal of Law and Management, Vol. 59 No. 5, pp. 756-775. https://doi.org/10.1108/IJLMA-03-2016-0034

Publisher

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Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

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