Key References
Uyar, A., Kılıç, M., & Gökçen, B. A., (2016). Compliance with IAS/IFRS and firm
characteristics: Evidence from the emerging capital market of Turkey. Economic research-Ekonomska
istraživanja, 29(1), 148-161. doi.10.1080/1331677X.2016.1163949.
Globalization affects the accounting sector significantly, just like in all other fields. It is among the leading drivers for the harmonization of universal accounting practices. Harmonization is a technique of using a common language of business to facilitate global understanding. This reality is one of the main reasons for the emergence of International Financial Reporting Standards (IFRS). Uyar, Kilic, and Gokcen (2016) investigated the compliance level in Turkish companies coupled with the factors that influences the magnitude of adoption. This research was similar to that of Appiah et al. (2016), who assessed the same problem from a Ghanaian perspective. Notwithstanding, the former research is somewhat original as it investigates the level of IFRS compliance in Turkey. The authors used a comprehensive survey targeting the biggest Turkish industrial corporations, the ICI 500. The researchers realized that firm size, foreign ownership, training staff, and the listing status are primary determinants of IFRS compliance, while profitability and leverage are not (Uyar et al. 2016 148). This study will, thus, be a key reference point for the proposed research, which will focus on IFRS compliance in the United Kingdom. Continue reading “IFRS Research Proposal”