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Accounting Convergence: Issues On Translation & Interpretation: Evidence In Malaysia

Author

Listed:
  • Siti Mariana Taliyang

    (Lecturer, Faculty of Business Management and Accountancy Universiti Sultan Zainal Abidin Gong Badak Campus Terengganu, Malaysia)

  • Safrul Izani Mohd Salleh

    (Lecturer, Faculty of Business Management and Accountancy Universiti Sultan Zainal Abidin Gong Badak Campus Terengganu, Malaysia)

  • Rosmaria Jaffar Harun

    (Lecturer, Faculty of Business Management and Accountancy Universiti Sultan Zainal Abidin Gong Badak Campus Terengganu, Malaysia)

Abstract

The key objective of International Accounting Standard Board (hereafter "IASB") is to assure the international accounting standards with high quality and transparent accounting information to assist users in economic decision making. Despite the standards well published in formal language - English as a communication tools, the question of the consistency is widely discussed among scholars. The aim of this study is to examine if any differences in the interpretation of probability expressions exist among Malaysian auditors towards translation option of selected financial reporting standard (FRS). The mailing questionnaires are used for this study. The result shows that the interpretations of accounting standard are still different from respondents although they are from the same field. The response rate among auditors in Malaysia for this study is 8.73%. Future research is suggested to use more sample and different method from this study.

Suggested Citation

  • Siti Mariana Taliyang & Safrul Izani Mohd Salleh & Rosmaria Jaffar Harun, 2013. "Accounting Convergence: Issues On Translation & Interpretation: Evidence In Malaysia," Far East Journal of Psychology and Business, Far East Research Centre, vol. 10(1), pages 1-8, March.
    • Handle: RePEc:fej:articl:v:10c:y:2013:i:1:p:1-8
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    References listed on IDEAS

    as
    1. Jon Simon, 2002. "Interpretation of probability expressions by financial directors and auditors of UK companies," European Accounting Review, Taylor & Francis Journals, vol. 11(3), pages 601-629.
    2. Joseph Aharony & Amihud Dotan, 2004. "A Comparative Analysis of Auditor, Manager and Financial Analyst Interpretations of SFAS 5 Disclosure Guidelines," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 31(3‐4), pages 475-504, April.
    3. Joseph Aharony & Amihud Dotan, 2004. "A Comparative Analysis of Auditor, Manager and Financial Analyst Interpretations of "SFAS 5" Disclosure Guidelines," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 31(3-4), pages 475-504.
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    More about this item

    Keywords

    IASs; Malaysian Auditors; Probability Expression;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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