Authors: Salma Damak-Ayadi; Rahma Ben Salem
Addresses: Accounting Department, Institut des Hautes Etudes Commerciales de Carthage, Carthage Présidence, 2016, Tunisia ' Management Department, Ecole Supérieure des Sciences Economiques et Commerciales de Tunis, Montfleury, 1089, Tunisia
Abstract: This study aims to identify the cultural factors that lead countries to converge with or to adopt IAS/IFRS. Basically, we presented a review of literature that associate between culture and the adoption of IAS/IFRS. Second, we classify different countries based on their standardisation strategies. In the different models, we tested the influence of cultural factors to the use of IASB standards. The findings show that the implementation of the Big 4 in the countries and their membership in the European continent and in North America promoting the use of IAS/IFRS. However, Anglo-Saxon colonisation's and religious affiliation encouraged the full adoption of these standards.
Keywords: culture; convergence; adoption; IASB; IAS; IFRS; International Accounting Standards; International Financial Reporting Standards; standardisation strategies; big 4; Europe; North Africa; colonial influences; Anglo-Saxon colonisation; British colonialism; religious affiliation; accountancy.
African Journal of Accounting, Auditing and Finance, 2014 Vol.3 No.2, pp.87 - 114
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 03 Dec 2014 *