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The Pathway of Transition to International Financial Reporting Standards (IFRS) in Developing Countries: Evidence from Indonesia

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  • Maradona, Agus Fredy
  • Chand, Parmod

Abstract

This study adds to the current discourse about the pathway of transition to International Financial Reporting Standards (IFRS) in developing countries. We examine the dynamics of accounting standard development in Indonesia with emphasis on the process of convergence of the country’s national accounting standards and IFRS. Using teleological process theory as a theoretical lens, this study finds that different sets of objectives have initiated and directed the changes in Indonesian accounting standards since their early development to the implementation of current convergence programmes. Based on Indonesia’s experience, we also highlight several issues and challenges in the gradual implementation of IFRS. The insights provided are potentially useful in determining the success of the current IFRS convergence programmes undertaken in other jurisdictions.

Suggested Citation

  • Maradona, Agus Fredy & Chand, Parmod, 2018. "The Pathway of Transition to International Financial Reporting Standards (IFRS) in Developing Countries: Evidence from Indonesia," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 30(C), pages 57-68.
    • Handle: RePEc:eee:jiaata:v:30:y:2018:i:c:p:57-68
    DOI: 10.1016/j.intaccaudtax.2017.12.005
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    2. Paula Silva, Ana & Fontes, Alexandra & Martins, Adelaide, 2021. "Perceptions regarding the implementation of International Financial Reporting Standards in Portugal and Brazil," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 44(C).

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