Title: Criteria determining the adoption or non-compliance of IAS/IFRS in Greece

Authors: Mihail Diakomihalis; Eleni Fragkou; Sotiria Karagianni

Addresses: University of Ioannina, Hellenic Open University, 48100, Preveza, Greece ' Independent Authority for Public Revenue (IAPR), Ioannina, Greece ' Hellenic Open University, 10683, Athens, Greece

Abstract: How painlessly and easily have accountants and relevant professionals in Greece accepted and implemented IAS/IFRS replacing the Greek General Chart of Accounts (GGCA)? A structured questionnaire distributed to three groups of experts was used. The analytical hierarchy process was applied and the results revealed the judgments of each of the above groups on their evaluation regarding the criteria of acceptability, transfused significance, increased quality on the financial reposting, implementation difficulties, and finally, the role of the accountant. Since Greek Accounting Standards (GAS) are based on and constitutes a part of the IAS/IFRS, the implications of the results may be of great assistance to the national regulator for the reformation and interpretation of the GAS and/or company management for the proper assignment of the GGCA to the GAS based on the business' needs. The results may benefit policymakers and businesses to increase quality and accuracy in financial statements.

Keywords: IAS/IFRS; Certified Accountants; auditors; Greece; analytic hierarchy process; AHP.

DOI: 10.1504/IJCA.2022.127598

International Journal of Critical Accounting, 2022 Vol.13 No.1, pp.17 - 44

Received: 26 Apr 2021
Accepted: 06 Apr 2022
Published online: 12 Dec 2022 *

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