1. What are the contributions mentioned in the paper "Local implementation of global accounting reform: evidence from a developing country" ?
While the world-wide adoption of International Financial Reporting Standards ( IFRS ) aims to eliminate differences in national accounting standards between countries, the socio-political institutions surrounding financial reporting practices remain localised.. This paper aims to penetrate and reveal the manner in which local national context, stakeholder intentions and financial reporting practices can moderate the compliance with IFRS in a developing country.. An interview-based qualitative research framework was utilised to analyse the experience and attitudes of accountants, auditors and financial reporting regulators during a passage of accounting reform initiatives.. This paper provides a critical analysis of the financial reporting practices of a developing country that has ostensibly implemented accounting reforms prescribed by the World Bank.. It has revealed the key firmand field-level logics that are experienced and managed by regulators and corporate managers in their approaches to financial reporting and accountability.. This paper provides evidence of firmand field-level logics that contest and influence the emergence of a financial reporting oversight body and lead to highly variable compliance with international accounting standards.. Originality/value – This paper aims to extend their knowledge beyond broad national-level elements of institutional orders.
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2. What future works have the authors mentioned in the paper "Local implementation of global accounting reform: evidence from a developing country" ?
Future research can examine in detail the influence of individual logics at various levels of the financial reporting environment of Bangladesh.. Further research could also investigate the interrelations and contestation between logics, in particular in the aftermath of reform in one logic such as banking regulations or FRC.. One is the need to develop a professional accounting culture within corporate management whose purpose extends beyond serving the interests of promoters ’ family kinships.. Second, further reform requires developing a management capacity within regulatory bodies to develop and enforce a coherent set of financial reporting standards.
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3. What are the main determinants of compliance with accounting standards in Bangladesh?
Enforcement effectiveness, capital market size, concentrated family ownerships in businesses and political corruption are regarded as broad-level determinants of compliance with accounting standards (such as IFRS) in a developing country.
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4. What influences the credit evaluation process of many financial institutions?
The credit evaluation process of many financial institutions is influenced by a collateral-focused approach, political pressures and controlling shareholders’ interests.
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