The effect of corporate governance on compliance with Indian Accounting Standards: An empirical analysis of post IFRS convergence

Journal of Governance and Regulation

article

Faozi A. Almaqtari¹  Waleed M. Al-Ahdal¹  Nandita Mishra²  Mosab I. Tabash³ 

[1] Department of Accounting, Faculty of Business, Economics and Social Development, University Malaysia Terengganu;Department of Management and Engineering ,(IEI), Linköping University;College of Business, Al Ain University

关键词: Compliance with Ind-AS;    Board Attributes;    Audit Committee Characteristics;    Audit Quality;    Foreign Ownership;   

DOI  :  10.22495/jgrv10i4art4

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This study explores the impact of corporate governance mechanisms (CGMs) of compliance with Indian Accounting Standards (Ind-AS). A sample of 70 firms listed on Bombay Stock Exchange (BSE) over a period of two years from 2016–2017 to 2017–2018 was used. The results revealed that board independence, size, expertise, size of the audit committee, expertise and independence exhibit a significant influence on compliance with Ind-AS. However, no significant effect was found regarding the board and audit committee diligence, foreign ownership and audit quality by Big-Four. The current study fills an existing gap in compliance of accounting standards and corporate governance literature in the context of the emergent market. It uses a methodology of comprehensive compliance index to evaluate the level of disclosure of Ind-AS that could generalize the results and benefit other listed firms. Finally, as a practical contribution, the present study brings useful insights and empirical evidence which are very beneficial and are of significant importance to investors, practitioners, academicians and policymakers. It is considered as one of the pioneering studies in this context and a battery for further research. The study recommends that more prominence should be given to compliance with Ind-AS and an overseeing body for compliance with Ind-AS should be created.

【 授权许可】

CC BY-NC