Compliance with IFRs: The case of risk disclosure practices in Egypt

Ekramy Mokhtar; Ali Elharidy; Mohamed Mandour

doi:10.1016/j.aebj.2017.12.001

Compliance with IFRs: The case of risk disclosure practices in Egypt

Ekramy Mokhtar, Ali Elharidy, Mohamed Mandour

Research output: Contribution to journal › Article › peer-review

Abstract

This study investigates the factors underlying non-compliance with IFRSs in Egypt. Evidence for this research was collected and analyzed using semi-structured interviews with academics, auditors, financial managers and officers in the Capital Market Authority, the Egyptian Exchange and the Egyptian Institute of Directors. Findings highlight the negative impact procedures-oriented accounting education, insufficient role of the profession in monitoring the professional performance of auditors, lack of adequate continuing education, the focus of the Unified Accounting System on bookkeeping with little importance of disclosure. Finally, competitive disadvantage is a significant threat to the reporting practices of Egyptian companies.

Original language	English
Pages (from-to)	1-14
Number of pages	15
Journal	Arab Economic and Business Journal
Volume	13
Issue number	1
DOIs	https://doi.org/10.1016/j.aebj.2017.12.001
Publication status	Published - 3 Oct 2018

Bibliographical note

© 2018 The Authors. Production and hosting by Elsevier B.V. on behalf of Holy Spirit University of Kaslik. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Keywords

Compliance
IFRSs
Disclosure
Risk
Accounting education
Enforcement mechanisms

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10.1016/j.aebj.2017.12.001Licence: CC BY-NC-ND

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Compliance with IFRs: The case of risk disclosure practices in Egypt

Abstract

Bibliographical note

Keywords

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