The results showed a consistent point of view that the adoption of IFRS will can bring transparency of the financial statements.
This study is conducted in order to examine opinions of experts including university lecturers, researchers in research institutes, experts in securities, banking, finance about the roadmap, subject, scope of IFRS application evaluating benefits and difficulties then giving implications of IFRS application process in Vietnam. Vietnam is one of the countries which have not applied IFRS, however, in the near future, Vietnam is preparing for the adoption of IFRS. Countries which have not adopted IFRS have a tendency to adjust their National accounting standard system to match and be consistent with the IFRS. These studies are mainly about the benefits and challenges of businesses when starting to apply IFRS.Īccording to the survey results of the International Accounting Standards Board, currently, 131/143 countries (accounting for 93%) has had official statements on the implication of IFRS in different forms. (2011) conducted research on samples from 14 EU countries Alali and High (2010) were particularly interested in IFRS application in Ireland Cai and Wong (2010) examined the impact of IFRS application on the integration of global capital markets among G8 countries Nerudova and Bohusova (2008) investigated the application of IFRS in small and medium enterprises in the Czech Republic Reid and Smith (2007) analyzed the costs and benefits of applying IFRS in the UK Harris and Muller (2005) studied 31 foreign listed companies in the US Joshi and Ramadhan (2002) surveyed small companies in Bahrein. (2013) conducted research only in Turkish listed companies DeFond et al. (2014) assessed the advantages of applying IFRS in Turkey, Mısırlıoğlu et al. (2015) studied the advantages and disadvantages of applying IFRS in Bangladesh Ashok (2014) studied Indian businesses applying IFRS at the request of the Institute of Chartered Accountants of India (ICAI) starting from Merve Kılıça et al. (2017) studied in China through a case study combined with a survey of 394 enterprises Trabelsi (2016) conducted research in underdeveloped countries Hossain et al. (2017) conducted research in Saudi Arabia Miao et al. There are several authors who have studied the application of IFRS in many countries such as: Odo (2018) conducted the testing of IFRS application in Nigeria Kanthi Herath et al. IFRS financial statements are widely accepted in many countries, which will facilitate businesses to better access the international capital market.