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| Tekijä: | Lal Joshi, P. Ramadhan, S. |
| Otsikko: | The adoption of international accounting standards by small and closely held companies: evidence from Bahrain |
| Lehti: | International Journal of Accounting
2002 : VOL. 37:4, p. 429-440 |
| Asiasana: | Accounting standards Finance Companies Small business Middle East |
| Vapaa asiasana: | SME |
| Kieli: | eng |
| Tiivistelmä: | This study examines the accounting practices and the degree of adoption of international accounting standards (IASs) by small and closely held companies in Bahrain. It finds that 86% (that is 31 of 36} companies responding to the questionnaire applied IASs and they considered IASs to be very relevant for them. All firms prepare balance sheets, and the majority prepares income statements and cash flow statements. They also duly audit these statements. The data collected also revealed that the quotient influence on whether or not a firm adopted IAS was exerted by their external auditors. External auditors exerted the greatest influence on getting firms to adopt IASs. The results of this study indicate that a majority of our respondents did not find that it was costly to adopt or interpret IASs. |
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