Measuring De Jure harmonisation: a content analysis of the accounting standards of three countries: South Africa, Mauritius and Tanzanian and International Financial Reporting Standards

Article


Boolaky, Pran Krishansing. 2006. "Measuring De Jure harmonisation: a content analysis of the accounting standards of three countries: South Africa, Mauritius and Tanzanian and International Financial Reporting Standards ." Journal of Applied Accounting Research. 8 (2), pp. 110-146.
Article Title

Measuring De Jure harmonisation: a content analysis of the accounting standards of three countries: South Africa, Mauritius and Tanzanian and International Financial Reporting Standards

ERA Journal ID19127
Article CategoryArticle
Authors
AuthorBoolaky, Pran Krishansing
Journal TitleJournal of Applied Accounting Research
Journal Citation8 (2), pp. 110-146
Number of Pages37
Year2006
ISSN0967-5426
1758-8855
Web Address (URL)http://www.emeraldinsight.com/Insight/viewContentItem.do?contentType=Article&contentId=1718449
Abstract

This paper uses content analysis to compare International Financial Reporting Standards (IFRS)1 with the Local Accounting Standards (LAS) of South Africa (SA), Mauritius and Tanzania. It begins by identifying the equivalence of the local accounting standards of these three countries with IFRS and follows with a content analysis of the definition of terms, accounting treatment and disclosure requirements in the standards. The contents of these three items in each of these countries’ standards are compared with those in the IFRS. A score card is used to record the level of harmony between the LAS and IFRS of each country and between the LAS of each country. The score is compared by running statistical test of significant difference using Wilcoxon Matched Paired test. The paper reports that, except for Tanzania, the local accounting standards of the two other countries are more or less similar to IFRS. As regards the level of harmony between the local accounting standards and IFRS, the score card reveals that the accounting standards of SA are more in harmony with IFRS, followed by Mauritius. A lead table is produced at the end.

Financial reporting, Globalisation, Standardising

Keywordsfinancial reporting, globalisation, standardising
ANZSRC Field of Research 2020350299. Banking, finance and investment not elsewhere classified
350101. Accounting theory and standards
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Byline AffiliationsGrant Thornton International, United Kingdom
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https://research.usq.edu.au/item/9z507/measuring-de-jure-harmonisation-a-content-analysis-of-the-accounting-standards-of-three-countries-south-africa-mauritius-and-tanzanian-and-international-financial-reporting-standards

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