Repository logo
 
Publication

Portuguese Experience With IFRS Adoption As Perceived By Auditors

2020Journal article Open access
Simple item page
dc.contributor.authorSilva, Ana Paula
dc.contributor.authorFontes, Alexandra
dc.contributor.authorMartins, Adelaide
dc.date.accessioned2022-01-06T13:59:17Z
dc.date.available2022-01-06T13:59:17Z
dc.date.issued2020
dc.description.abstractPurpose: Drawing on the experience of adoption of a model based on the International Financial Reporting Standards (IFRS) by Portuguese non-financial unlisted companies in 2010, called Sistema de Normalização Contabilística (SNC), this paper explores auditors’ perceptions regarding dimensions of relevance and suitability of the new accounting model to the Portuguese setting, major problems encountered, and the main engendered benefits. Methodology: An interpretative approach based on qualitative research methods was adopted, in which sixteen interviews with statutory auditors were conducted from a vantage point in 2017, seven years after the formal implementation of the IFRS-based model. Findings: Evidence suggests enduring problems but mostly a significant level of legitimation and institutionalization of the IFRS-based model: (i) the perceived motivations for SNC adoption are a good fit with the theoretically acknowledged motivations underlying accounting convergence; (ii) the principle-based standards and the fair value were largely perceived favorably; and (iii) the IFRS-based model brought about a number of benefits as expected ex ante. Implications: Findings shed light on the potential of the IFRS model to conform to countries whose accounting systems are remarkably disparate – as it was in Portugal – and offer an agenda for regulators and local and international policymakers. Originality and value: This study contributes to the accounting literature on IFRS adoption by providing empirical evidence from a European country that posited an a priori adverse context.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationSilva, A. P., Fontes, A., & Martins, A. (2020). Portuguese experience with IFRS adoption as perceived by auditors. Central European Management Journal, 28(1), 81-98. doi: 10.7206/cemj.2658-0845.17pt_PT
dc.identifier.doi10.7206/cemj.2658-0845.17pt_PT
dc.identifier.issn26582430
dc.identifier.urihttp://hdl.handle.net/10400.22/19339
dc.language.isoengpt_PT
dc.publisherSciendopt_PT
dc.relation.publisherversionhttps://www.sciendo.com/article/10.7206/cemj.2658-0845.17pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/pt_PT
dc.subjectIFRS adoptionpt_PT
dc.subjectInstitutionalizationpt_PT
dc.subjectLegitimationpt_PT
dc.subjectPerceptionspt_PT
dc.titlePortuguese Experience With IFRS Adoption As Perceived By Auditorspt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage98pt_PT
oaire.citation.issue1pt_PT
oaire.citation.startPage81pt_PT
oaire.citation.titleCentral European Management Journalpt_PT
oaire.citation.volume28pt_PT
person.familyNameMartins da Silva
person.givenNameAna Paula
person.identifier.ciencia-idBA16-BE06-B89C
person.identifier.orcid0000-0003-0412-4572
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublicationcfcf51eb-1f0d-4fc1-8948-5708793954b8
relation.isAuthorOfPublication.latestForDiscoverycfcf51eb-1f0d-4fc1-8948-5708793954b8

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Portuguese Experience With IFRS Adoption As Perceived By Auditors.pdf
Size:
329.51 KB
Format:
Adobe Portable Document Format
Download

Collections

ISCAP - CEOS - Artigos