 An investigation of compliance with international accounting standards by listed companies in the Gulf Co-Operation Council member statesBader Al-Shammari, Philip Brown and Ann Tarca The International Journal of Accounting, 2008, vol. 43, issue 4, 425-447 Abstract: This study investigates the extent of compliance with international accounting standards (IASs) by companies in the Gulf Co-Operation Council (GCC) member states (Bahrain, Oman, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates). Based on a sample of 137 companies (436 company-years) we find that compliance increased over time, from 68% in 1996 to 82% in 2002. Despite strong economic and cultural ties between the GCC states, there was significant between-country variation in compliance and among companies based on size, leverage, internationality, and industry. The study provides evidence of de jure but not de facto harmonization in the region. Noncompliance reflected some ineffectiveness in the functions of external auditors and enforcement bodies, which may be of interest to countries that have adopted IASs recently. Keywords: Adoption; of; International; Accounting; Standards; (IAS); Financial-reporting; compliance; Audit; function; Enforcement; of; accounting; standards; Gulf; Co-Operation; Council; (GCC); member; states (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:accoun:v:43:y:2008:i:4:p:425-447 Access Statistics for this article The International Journal of Accounting is currently edited by A. R. Abdel-Khalik More articles in The International Journal of Accounting from Elsevier |
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