The history of accounting standards in French-speaking African countries since independence

Jean-Guy Degos, Yves Levant and Philippe Touron ()
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Jean-Guy Degos: IAE - IAE BORDEAUX - Université Montesquieu - Bordeaux 4
Yves Levant: ESA - Ecole Supérieure des Affaires de l'Université Lille 2 - Université de Lille, Droit et Santé
Philippe Touron: UP1 UFR06 - Université Paris 1 Panthéon-Sorbonne - UFR Gestion & économie d'entreprise - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: The purpose of this paper is to focus on circumvolutions taken by the accounting standard-setting process in French-speaking African countries which have delayed convergence toward IFRS standards and to identify how different factors shape accounting standards in a context in which post-colonial hysteresis interact with globalization. The methodology of this study uses archival data and interviews with key individual actors. Two case studies from two successive periods are contrasted: the design of the OCAM accounting standards in the 1970s, and the development of the SYSCOA/OHADA accounting standards during the 1990s before the partial adoption of IFRS. The study shows the convergence toward international accounting standards in French-speaking African countries emerged from a complex, multimodal process mingling competition with collaboration and negotiation. They have followed a different path from most English-speaking African countries, where convergence to IAS/IFRS took place earlier and faster. The evidence indicates the significance of the interaction between the ex-colonization and the indigenous accounting standards, the importance of key actors and the level of the educational institutions. No African written sources were located. Most of the sources used were French. The paper has practical implications as it includes implications for the standards-setting in developing countries. The examination of the development of accounting rules in French-speaking African countries between 1960 and 2010 shows the complexity of the accounting standards' diffusion dynamic. This study, innovates by providing novel insights over a 30-year period of accounting standards in French-speaking African countries. This research explains why IFRS have not yet adopted in French-speaking African countries as it was in English-speaking African countries.

Date: 2018-07-30
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Published in Accounting, Auditing and Accountability Journal, 2018, 32 (1), pp.75-100. ⟨10.1108/AAAJ-03-2016-2459⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03002944

DOI: 10.1108/AAAJ-03-2016-2459

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