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Corporate governance and initial compliance with IFRS in emerging markets: the case of income tax accounting in Egypt

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Corporate governance and initial compliance with IFRS in emerging markets: the case of income tax accounting in Egypt. / Ebrahim, Ahmed; Fattah, Tarek Mohamed Hassan Abdel.

In: Journal of International Accounting, Auditing and Taxation, Vol. 24, 06.03.2015, p. 46-60.

Research output: Contribution to journalArticlepeer-review

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Ebrahim, Ahmed ; Fattah, Tarek Mohamed Hassan Abdel. / Corporate governance and initial compliance with IFRS in emerging markets: the case of income tax accounting in Egypt. In: Journal of International Accounting, Auditing and Taxation. 2015 ; Vol. 24. pp. 46-60.

Bibtex

@article{c972a8ef13714084b3ec65eb02b004fb,
title = "Corporate governance and initial compliance with IFRS in emerging markets: the case of income tax accounting in Egypt",
abstract = "The paper examines the corporate governance factors and the independent audit quality as determinants of compliance with IFRS recognition and disclosure requirements of income tax accounting in Egypt. Using the initial IFRS adoption in Egypt, the results show evidence that corporate governance factors that indicate the sophistication level of both company{\textquoteright}s management and owners (i.e., institutional ownership and foreign representation on the board) and the perceived quality of the engaged auditor improve compliance with IFRS requirements. Companies with higher levels of institutional ownership and foreign representation on the board are more likely to engage an audit firm with international affiliation and comply with IFRS recognition and disclosure requirements. The results underline the significance of professional development and regulations of local audit industries in emerging countries for actual compliance with IFRS requirements when they are officially adopted in these countries.",
keywords = "IFRS adoption, IFRS compliance, corporate governance, audit quality, emerging economy",
author = "Ahmed Ebrahim and Fattah, {Tarek Mohamed Hassan Abdel}",
year = "2015",
month = mar,
day = "6",
doi = "10.1016/j.intaccaudtax.2015.02.003",
language = "English",
volume = "24",
pages = "46--60",
journal = "Journal of International Accounting, Auditing and Taxation",
issn = "1061-9518",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Corporate governance and initial compliance with IFRS in emerging markets: the case of income tax accounting in Egypt

AU - Ebrahim, Ahmed

AU - Fattah, Tarek Mohamed Hassan Abdel

PY - 2015/3/6

Y1 - 2015/3/6

N2 - The paper examines the corporate governance factors and the independent audit quality as determinants of compliance with IFRS recognition and disclosure requirements of income tax accounting in Egypt. Using the initial IFRS adoption in Egypt, the results show evidence that corporate governance factors that indicate the sophistication level of both company’s management and owners (i.e., institutional ownership and foreign representation on the board) and the perceived quality of the engaged auditor improve compliance with IFRS requirements. Companies with higher levels of institutional ownership and foreign representation on the board are more likely to engage an audit firm with international affiliation and comply with IFRS recognition and disclosure requirements. The results underline the significance of professional development and regulations of local audit industries in emerging countries for actual compliance with IFRS requirements when they are officially adopted in these countries.

AB - The paper examines the corporate governance factors and the independent audit quality as determinants of compliance with IFRS recognition and disclosure requirements of income tax accounting in Egypt. Using the initial IFRS adoption in Egypt, the results show evidence that corporate governance factors that indicate the sophistication level of both company’s management and owners (i.e., institutional ownership and foreign representation on the board) and the perceived quality of the engaged auditor improve compliance with IFRS requirements. Companies with higher levels of institutional ownership and foreign representation on the board are more likely to engage an audit firm with international affiliation and comply with IFRS recognition and disclosure requirements. The results underline the significance of professional development and regulations of local audit industries in emerging countries for actual compliance with IFRS requirements when they are officially adopted in these countries.

KW - IFRS adoption

KW - IFRS compliance

KW - corporate governance

KW - audit quality

KW - emerging economy

U2 - 10.1016/j.intaccaudtax.2015.02.003

DO - 10.1016/j.intaccaudtax.2015.02.003

M3 - Article

VL - 24

SP - 46

EP - 60

JO - Journal of International Accounting, Auditing and Taxation

JF - Journal of International Accounting, Auditing and Taxation

SN - 1061-9518

ER -

ID: 8040028