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Firm characteristics and compliance with IAS/IFRS: Evidence from North African companies

Ali Alnaas (Department Accounting, Faculty of Economics, Al Asmarya Islamic University, Zliten, Libya)
Afzalur Rashid (School of Commerce, University of Southern Queensland, Toowoomba, Queensland, Australia)

Journal of Financial Reporting and Accounting

ISSN: 1985-2517

Article publication date: 2 September 2019

Abstract

Purpose

This paper aims to examine the influence of firm characteristics on harmonisation of companies listed on the Egypt, Morocco and Tunisia Stock Exchanges.

Design/methodology/approach

This study uses a checklist based mainly on the International Financial Reporting Standards (IFRS).

Findings

The findings of the study are 6that the level of compliance with IFRS was higher in 2010 than in 2005. Multiple regression analysis indicates that the level of compliance with IFRS increases with company size, institutional ownership, industry and language of disclosure.

Research limitations/implications

The findings of this study suggest that both institutional- and firm-level forces influence the harmonisation process.

Originality/value

This study contributes to the literature on accounting harmonisation in the context of North Africa.

Keywords

Citation

Alnaas, A. and Rashid, A. (2019), "Firm characteristics and compliance with IAS/IFRS: Evidence from North African companies", Journal of Financial Reporting and Accounting, Vol. 17 No. 3, pp. 383-410. https://doi.org/10.1108/JFRA-06-2018-0052

Publisher

:

Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited