African Journal of Accounting, Auditing and Finance
These articles have been peer-reviewed and accepted for publication but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.
Forthcoming articles must be purchased for the purposes of research, teaching and private study only. These articles can be cited using the expression "in press". For example: Smith, J. (in press). Article Title. Journal Title.
Articles marked with this shopping trolley icon are available for purchase - click on the icon to send an email request to purchase.
African J. of Accounting, Auditing and Finance (2 papers in press)
Exploring the Egyptian Accountants Awareness and Understanding of XBRL by Akrum Helfaya, Essam Amin Abstract: Online reporting is now widespread with 82% of the top 100 listed companies in Egypt providing a variety of financial data online. However, much of this information reflects the paper-based versions of annual reports with little attempt to enhance the usefulness of this data for decision makers. This online reporting provides the first generation (FG) of online reporting languages such as PDF, HTML, EXCEL and WORD formats. XBRL has been developed to provide a second generation (SG) of online reporting to enhance the data handling and usability of corporate reporting. The findings of a questionnaire survey in Egypt report that academics and bankers awareness of XBRL and SG reporting is very little compared to FG reporting formats. Additionally, the fast majority of respondents are aware of both the benefits and problems of adopting XBRL. This study has some recommendations for Egyptian regulators, standards setters, accounting academics and professional accountants. Keywords: Corporate reporting; Digital reporting; XBRL; Stakeholder engagement; Egypt.
Cultural Challenges for Countries Implementing International Financial Reporting Standards (IFRS) without Contributing to their Creation by Khalid Rasheed Aladeem Abstract: One aim of globalisation is eliminating a countrys uniqueness so that different parts of the world can become alike. To this effect, countries are aligning their national financial reporting standards to the International Financial Reporting Standards (IFRS) to narrow their related differences, thereby creating a demand for the IFRS. Financial reporting based on a single set of financial reporting standards was expected to enhance comparability; however, this is not the case in practice. Accountants judgements, which are allowed under the International Accounting Standard Boards principles-based standards, can be a limitation for the comparability advantage. Further, critics of the IFRS are concerned that countries adopting IFRS may lose control of their financial reporting and disclosures to foreign regulators. Finally, countries that do not contribute to IFRS creation may become recipients of other countries inputs, such as languages, cultural values, and regulatory systems. Keywords: International Financial Reporting Standards; IFRS; harmonisation; globalisation; ideology; culture; societal accounting; global accounting. DOI: 10.1504/AJAAF.2020.10028476