Title: IFRS experience, extent of disclosure, and perceived corruption: a study on African countries

Authors: Fatma Ben Slama Klibi; Yasmine Amara

Addresses: Higher Institute of Accounting and Business Administration, University of Manouba, LIGUE, 2010, Manouba, Tunisia ' Higher Institute of Accounting and Business Administration, University of Manouba, LIGUE, 2010, Manouba, Tunisia

Abstract: This study investigates whether the quality of the accounting environment, through the IFRS experience of the country and the extent of disclosure, impacts the perception of less corruption after controlling for the legal, political, economic, fiscal and social environments. The study was conducted on a sample of 49 African countries over the period 2012-2017. The perception of less-corruption variable is based on the Transparency International (TI) index. We find strong evidence that the IFRS experience is associated with lower-perceived corruption, while the extent of disclosure does not play a significant role in limiting the perception of corruption. The level of legal enforcement, gross domestic product (GDP) per capita democracy and education contribute to the perception of less public corruption. However, the tax rate favours the perception of greater corruption. This study contributes to the international standard-setting literature by testing the relevance of IFRS adoption over time in Africa.

Keywords: IFRS experience; disclosure; perception of corruption; political system; economic development.

DOI: 10.1504/IJAAPE.2023.132393

International Journal of Accounting, Auditing and Performance Evaluation, 2023 Vol.19 No.2, pp.132 - 160

Received: 06 Sep 2021
Accepted: 23 Mar 2022
Published online: 19 Jul 2023 *

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