Evaluation of Financial Reporting Standards Adaptation Process: Research for Professionals and Academicians

Authors : Halime Karaca, Hakan Erkuş, Arzu Meriç

Pages : 1-20

Doi:10.25095/mufad.1565850

View : 103 | Download : 66

Publication Date : 2025-01-26

Article Type : Research Paper

Abstract :The formation and widespread use of standards to ensure international uniformity in the world is recognised as one of the most significant changes in financial reporting in the history of accounting. These changes and developments have a significant impact on professional members and accounting education, which are closely related to the adaptation process of standards. The purpose of this study is to examine the views of academicians and independent auditors who provide accounting education at universities in Turkey on the financial reporting standards adaptation process. The analysis of the data obtained from 389 participants revealed no significant differences in opinion between independent auditors and academicians regarding their general views on standards and the services provided by relevant institutions on standards. However, there was a notable divergence of opinion on the perceived effectiveness of the POA in addressing standards-related issues and the broader challenges associated with standards.
Keywords : Financial Reporting Standards, POA, Accounting Education