Transition to the Revised OHADA Law on Accounting and Financial Reporting: Corporate Perceptions of Costs and Benefits

Michael Fossung, Lious Agbor Tabot Ntoung, Helena Maria Santos de Oliveira, Cláudia Maria Ferreira Pereira, Susana Adelina Moreira Carvalho Bastos and Liliana Marques Pimentel
Additional contact information
Lious Agbor Tabot Ntoung: Fomic Polytechnic & University of Buea, Department of Accounting, Faculty of Social and Management Sciences, P. O. Box 65 Buea, Cameroon
Helena Maria Santos de Oliveira: School of Accounting and Administration of Porto (ISCAP), Polytechnic Institute of Porto (IPP), Center for Organisational and Social Studies of P. Porto (CEOS.PP), Research Centre for the Study of Population, Economics and Society (CEPESE), Oporto, 4465-004 S. Mamede de Infesta, Portugal
Cláudia Maria Ferreira Pereira: School of Accounting and Administration of Porto (ISCAP), Polytechnic Institute of Porto (IPP), Center for Organisational and Social Studies of P. Porto (CEOS.PP), Research Centre for the Study of Population, Economics and Society (CEPESE), Oporto, 4465-004 S. Mamede de Infesta, Portugal
Susana Adelina Moreira Carvalho Bastos: School of Accounting and Administration of Porto (ISCAP), Polytechnic Institute of Porto (IPP), Center for Organisational and Social Studies of P. Porto (CEOS.PP), Research Centre for the Study of Population, Economics and Society (CEPESE), Oporto, 4465-004 S. Mamede de Infesta, Portugal
Liliana Marques Pimentel: Faculty of Economics, University of Coimbra, and Centre for Business and Economics Research (CeBER), Coimbra, 3004-512 Coimbra, Portugal

JRFM, 2020, vol. 13, issue 8, 1-19

Abstract: This paper examines the ongoing transition to the revised Organisation for the Harmonisation of Business Law in Africa Act on Accounting and Financial Reporting for companies in general and to the International Financial Reporting Standards for listed and group companies with a particular focus on recent institutional developments and corporate concerns. The study used 80 professional accountants, most of whom were members of the Institute of Chartered Accountants of Cameroon and academics. Using the descriptive statistics, the study shows that the transition to the revised OHADA brings about a high level of comparability and transparency of the financial statements, that the International Financial Reporting Standards can be implemented in Cameroon (but not fully), and that the benefit of the transition exceeds the cost.

Keywords: perception; OHADA accounting; transition; IFRS; comparability (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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