Factors affecting the adoption of the international accounting standards

Abstract

With the trend of integrating the world and regional economy, financial markets have expanded strongly, especially capital markets. Moreover, the International Accounting Standards (IAS/IFRS) have become a global language in the preparing and presenting of financial statements. The objective of this chapter is to examine the macro factors affecting the adoption of IAS/IFR in Vietnam. The authors use mixed methods based on logarithm models with secondary data of 147 countries to examine the following factors: culture, economic growth, capital markets, education, foreign operation, law, and politics. The authors propose implications of promoting the process of IAS/IFRS adoption in the country.