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A Conformity Test of Corporate Financial Disclosures in Asian and Middleast Countries

Jackling, Beverley and Askary, Saeed (2004) A Conformity Test of Corporate Financial Disclosures in Asian and Middleast Countries. In: Fourth Asia Pacific Interdisciplinary Research in Accounting Conference, 4-6 July 2004 , Singapore . (Unpublished)

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Abstract

This paper investigates the financial disclosure practices of corporate annual reports published in Asian countries including Bangladesh, Indonesian, Malaysia and the Middle East countries including Bahrain, Iran, Jordan, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia and Turkey. The purpose of the study is to measure the financial disclosure diversity in these countries, with a view to developing a classification of their similarities and differences in respect to their compliance with International Accounting Standards (IASs). Annual reports of 132 public companies listed on the relevant countries stock exchanges are the central data source, supplemented with other reliable information about financial disclosure practices in each country. A disclosure checklist adopted from all IASs and summarised in 306 individual items of financial disclosures is used as a means of extending an understanding of financial reporting literature. Additionally, it provides an indication of voluntary progress towards harmonisation of international accounting practices in several Asian and Middle Eastern countries. Results show the degree of conformity with IASs from less to high conformity is: Saudi Arabia, Qatar, Bangladesh, Iran, Bahrain, Jordan, Pakistan, Oman, Turkey, Malaysia, Kuwait and Indonesia.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: ResPubID18434, corporate financial reports, International Accounting Standards, Middle East countries, South East Asia, classification
Subjects: Faculty/School/Research Centre/Department > Faculty of Business and Law
FOR Classification > 1501 Accounting, Auditing and Accountability
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Depositing User: VUIR
Date Deposited: 21 Mar 2013 05:04
Last Modified: 17 Feb 2014 03:47
URI: http://vuir.vu.edu.au/id/eprint/6864
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